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Howden has offices in 30 countries and a network of partners in more than 60 locations. Whether you’re a multinational looking for a broker that’s truly global, or a smaller business looking to insure your local needs, we can help you.
With a universal life policy, policyholders have the opportunity to adjust premiums and death benefits throughout the life of the policy. Weh considering how to protect your legacy in the most efficient way, universal life insurance has many benefits.
Universal life insurance can help you with:
There are two elements to the premium:
Cost of insurance
As it sounds, the cost of insurance is the cost of keeping the policy active. In this case, that means the premium payments directly associated with the risk (in this case, your mortality) and policy administration.
This element is the minimum you can pay to keep the policy alive.
The cost of insurance is calculated in line with the insured’s age, which means, over time, it will naturally rise.
As you can dial up or dial down your premiums, many clients choose to pay more in premiums while they are younger, in order to reduce payments later in life.
This approach leans into the insurance company’s core competence as an investment house. You are effectively saving with them in a low risk investment in order to cover a growing liability – the cost of life insurance in older age*.
As with all investment products, capital is at risk.
Other premium options
Your choice here depends on your individual circumstances and what you need to achieve. Your Howden broker will be able to offer tailored advice. Let’s talk.
Many of our clients are
Howden arranges universal life cover through our sister broker IPG, who have been at the forefront of this asset class last 40 years.
We only work with trusted, stable A+ rated insurers to ensure your wealth is in a safe place.
IPG handles 40% of the market for universal life insurance and wealth transfer planning in Malaysia, and is respected for their in-depth risk, tax and legal knowledge in 70 countries all over the world. Partnering with private banks, brokers, family offices, independent financial advisors, law firms and tax professionals around the globe, IPG to assist business leaders and successful professionals in developing efficient wealth planning strategies.