87 Philip, Head of Sales & Distribution for EMEA at Investors Trust, sheds light on the intricacies of insurance-wrapped investment products, emphasizing their multifaceted benefits. These products offer significant advantages, notably tax efficiency. By allowing tax deferral, they can reduce the overall tax burden, especially if the client’s tax rate decreases over time. Moreover, they provide enhanced financial security compared to standard bank accounts, safeguarding the entire investment amount through a segregated portfolio structure. A key feature of these products is their international portability. Clients can seamlessly move between jurisdictions and countries without affecting their investment, ensuring continuity in their savings. This global distribution ensures accessibility and flexibility, regardless of the client’s location. Furthermore, insurance-wrapped products offer diverse investment options tailored to different risk profiles, enabling financial advisors to align products with clients’ financial goals and risk tolerance. Despite skepticism from some quarters, Philip highlights the comprehensive advantages of insurance-wrapped investment products, ranging from tax savings and asset protection to international portability and risk management. These benefits underscore the value of such products in a holistic financial strategy. You Might Be Interested In BioArctic Recognized for Sustainable Innovation in Nasdaq Stockholm’s ESG Responsibility Index Standard Chartered Unveils $1.5 Billion Buyback and Upgraded Outlook Amidst Strong Asian Market Performance UBS to Trim 90 Jobs in Asia Private Wealth and Investment Banking Next Month Zoom Raises Annual Forecasts as Demand Surges Amid AI Integration Britain Agrees $100 Million Trade Finance Deal to Enhance Africa’s Food Security New York Community Bancorp Reports Larger-than-Expected Q2 Loss Amid Asset Sales and Rising Provisions
