How do advisers address the complex needs of HNW clients?

Placing life insurance policies for HNW clients

clock • 4 min read

Holly Hill explore how advisers can best serve the high net worth community and deal with their complex needs

There are a number of additional things to consider when placing large life insurance policies for high net worth (HNW) individuals. These clients will typically be more challenging from both a financial and medical underwriting perspective given the atypical nature of their financial affairs and personal hobbies, and advisers must be prepared for this from a client handling and expectation management standpoint. Working with other advisers It is important to note that HNW clients typically have a wider advice team supporting them. This might include lawyers, accountants and trustee...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Vulnerability management: Consumer Duty all-important as consolidation continues

Vulnerability management: Consumer Duty all-important as consolidation continues

Will customer vulnerability management take over from AUM in 2025?

Andrew Gething
clock 05 February 2025 • 2 min read
Fairstone expands Scottish footprint with 336 Financial Management deal

Fairstone expands Scottish footprint with 336 Financial Management deal

Marking its 29th acquisition in two years

Sahar Nazir
clock 05 February 2025 • 1 min read
Do academies owe young advisers a better duty of care?

Do academies owe young advisers a better duty of care?

‘They don't prepare them for what's going to come out the other side’

Isabel Baxter
clock 05 February 2025 • 6 min read