Planning layers
Succession · Protect
In succession, life and CI first answer who receives cash on which event, then how that joins trusts or corporate structures. Clear primary/contingent and revocable/irrevocable beneficiaries plus owner/payer/life-insured roles.
Insurable interest is tested at inception: spouse-type relations differ from creditor/partner/key-person pecuniary interest; blood relation alone is often insufficient. Absolute vs collateral assignment changes ownership depth. Cross-border tax residency needs independent tax advice.
Key questions to ask
- Are beneficiaries, contingents and any trust setup clear on the policy?
- Do policy jurisdiction and succession rules match where assets sit?
- Should lawyers/trust advisers cross-check—beyond sales talking points?
- If owner, payer and life insured diverge, is control clear?
Common tool types (catalogue-level)
- Life-cover leverage
- CI lump sum
- Beneficiary setup
- Trust (concept)
Compliance & boundaries
- No tax or estate planning advice; cross-border families must verify practice and filing duties themselves.