How High-Net-Worth Individuals (HNWIs) Use Hong Kong Insurance to Transfer Wealth
Hong Kong Insurance: Circumventing Probate, Inheritance Tax, and Government Oversight to Bequeath Wealth Quietly
In the UK, much of Europe, and the Anglosphere generally, life insurance is still treated as a fairly dull product. A payout on death, maybe some mortgage cover, maybe a few grand for a funeral. In Hong Kong and much of Asia, it plays a very different role. It is not just protection. It is infrastructure. It is asset protection. It is privacy wisdom. It is an inter-generational investment vehicle.
Recent reporting in the South China Morning Post highlights how life insurance has become one of the primary tools used by high-net-worth individuals across mainland China, Hong Kong, Macau and Taiwan to transfer wealth to the next generation.… Click here to continue reading this article