SOLUTIONS
What we provide
Tailor-Made
Premium Life foreign life insurance solutions are can be efficiently customised to accommodate the specific requirements of a number of countries. The policy can also can be tailored to powerfully work with other traditional planning tools, like trusts, foundations or corporate entities.
Specific case-by-case analysis is advisable to achieve an optimal solution.
Business Model
Premium Life works with a B2B business model. We work with a wide range of reputable private banks, family offices, wealth managers and other financial professionals. Our clients largely prefer the familiarity of their own long-standing relationships with existing banks and/or financial advisers, and are entirely free to maintain them within the insurance policies.
Open Architecture
Premium Life’s open architecture business model is able to suit high net worth individuals’ requirement to work with their preferred banks, assets managers and other professional advisors.
Our life insurance policies open model enable the policyholder to integrate a wide range of assets under the policy, including illiquid assets and private equity, with a view to achieving efficient capital growth.
The open architecture facilitates the combination of the insurance policy with traditional planning tools, like trusts, foundations or corporate entities, to accommodate policyholder’s requirements. It also grants the flexibility required to adapt the policy to the evolution of policyholder requirements.
Single Point of Contact
Premium Life’s group of associated business offers a single point of contact which enhances the client’s experience and facilitates wealth planning and management.
Modus Operandi
Policyholder
- Defines on the investment strategy.
- Requests appointment of the investment manager and custodian bank.
- Set the beneficiaries and allocate benefits.
- Set the life/lives assured.
- Has control over the policy.
Trusted Advisor
Advises and control.
Dedicated Life Policy
Premium Life
- Facilitates the framework to enable the solution.
- Issues and administers the policy.
- Provides client and/or trusted advisors with regular statements.
- Pays out policy proceeds as specified in the policy.
- Liaise with reinsurer.
Custodian Bank
- Holds and maintains the assets in specific separate portfolio account(s).
- Liaises with Asset Manager.
- Premium Life is the account holder.
Asset Manager
Conducts Investment management of policy assets in line with Policyholder’s chosen investment strategy
Policyholder
- Defines on the investment strategy.
- Requests appointment of the investment manager and custodian bank.
- Set the beneficiaries and allocate benefits.
- Set the life/lives assured.
- Has control over the policy.
Trusted Advisor
Advises and control.
Dedicated Life Policy
Premium Life
- Facilitates the framework to enable the solution.
- Issues and administers the policy.
- Provides client and/or trusted advisors with regular statements.
- Pays out policy proceeds as specified in the policy.
- Liaise with reinsurer.
Custodian Bank
- Holds and maintains the assets in specific separate portfolio account(s).
- Liaises with Asset Manager.
- Premium Life is the account holder.
Asset Manager
Conducts Investment management of policy assets in line with Policyholder’s chosen investment strategy