News service releases new guide in partnership with Transamerica Life Bermuda

Guide aims to help advisers better serve high-net-worth clients

News service releases new guide in partnership with Transamerica Life Bermuda

Insurance News

By Jonalyn Cueto

Hong Kong news service Hubbis, in partnership with Transamerica Life (Bermuda) Ltd. (TLB), has unveiled the 2024 edition of the “Guide to HNW Life Insurance – a Practical Handbook for Financial Advisors.” According to a news release, this resource aims to equip financial advisors with the knowledge and tools necessary to better serve high-net-worth (HNW) clients.

The guide delves into various aspects of life insurance planning tailored for HNW individuals, covering a broad range of topics including personal protection, estate planning, business protection, and philanthropic planning. It is part of TLB’s Mastering High Net Worth (MHNW) program, which provides advanced resources to advisors serving affluent clients.

“We are delighted to continue our partnership with Hubbis in providing this vital resource,” said Chirag Rathod, CEO of TLB. “The economic landscape is continuously evolving, and with it, the needs of HNW individuals. This guide is designed to help advisors navigate through these complexities and offer solutions that are not only effective but also forward-thinking.”

Michael Stanhope, CEO of Hubbis, echoed Rathod’s thoughts.

“Our collaboration with TLB enables us to merge our expertise in offering professional development solutions curated especially for the wealth management industry with their deep insights into the life insurance needs of HNW individuals,” he said. “This guide is more than just a resource; it is a roadmap that empowers advisors to foster stronger, more informed relationships with their clients.”

The 2024 edition introduces sections discussing the latest market changes, including digital tools and ESG investing, all of which align with the evolving priorities of HNW clients. Structured to enhance advisors’ understanding and application of HNW life insurance concepts, the guide is designed to meet the needs of today’s affluent individuals, according to the news release.

Jeremy Young, chief commercial officer of TLB, underscored the guide’s relevance in the current market.

“With the global economic shifts and the increasing demand for bespoke financial solutions, as well as the expanding needs for robust estate and succession planning, our guide serves as an essential reference that supports financial professionals and the wealth management industry at large. We are committed to helping enhance the proficiency of advisors, empowering them to more effectively safeguard their clients’ wealth for today and for their future generations,” he said.

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