Protection and wealth CPD course  

Guide to protection and intergenerational wealth

  • Describe some of the challenges of protecting wealth for the next generation
  • Explain how insurance products can be used
  • Identify how protection can be used to mitigate IHT
CPD
Approx.60min
Guide to protection and intergenerational wealth
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Passing on one's wealth to the next generation has become an important topic for many financial advisers, as wealth built up by baby boomers, and older people, is coming close to being passed on.

But life is never plain sailing, and protection products exist to iron out the bumps in the road. Some of these are lesser known, but nonetheless can also serve to protect the family wealth from the unexpected.

This guide, which is worth an indicative 60 minutes aims to address some of these issues.

CPD
Approx.60min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. According to the first article, income protection can help protect family assets, true or false?

  2. Why can critical illness preserve family wealth, according to the first feature?

  3. What were the most common reasons for sickness absence last year?

  4. According to the second feature, a child can automatically be added to the Critical Illness policy, without them being named, true or false?

  5. According to the third feature, what does a gift inter vivos plan do in relation to inheritance tax?

  6. According to the fourth feature, value add services have not registered with clients at all, true or false?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Describe some of the challenges of protecting wealth for the next generation
  • Explain how insurance products can be used
  • Identify how protection can be used to mitigate IHT

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