Preserving your wealth
The goal: preserving your wealth
“We’re working hard to build our wealth and we want to make sure it is there for our children and for generations to come.”
Wealth can be fleeting. Inflation, rising taxes, political instability, income disruptions and unanticipated financial needs all can have a significant impact on you and multiple generations of your family.
Fortunately, your financial professional can help you identify steps you can take now to help protect your wealth from challenges that may await you and your family across geographic borders and over time. Because, it’s not only about what you’ve built—it’s about what you can pass on for generations.
Meet Leila and Amir Khan
- The situationOpen or Close
Following the sale of their textile company, which they founded 20 years ago, Leila and Amir Khan have become a high-net-worth family and are enjoying the affluence and purchasing power that comes with their new situation. As the Khans look forward to the next chapter in their lives, their primary financial goal has expanded from building wealth to building and preserving their wealth so they will have the resources they need to maintain their lifestyle for decades to come while having an ample amount to pass it on to future generations.
- The challengeOpen or Close
In the face of recent market volatility and political uncertainty in their country, the Khans considered moving the bulk of their financial assets from equities to stable value investments, such as short-term bonds and money market funds.
Their financial professional explained to the Khans that such a move could expose their wealth to the threat of inflation and that stable value investments may not be able to support their lifestyle goals throughout a long retirement — especially since they want to leave a substantial legacy for future generations.
- The solutionOpen or Close
The Khans’ financial professional may recommend an off-shore life insurance solution that protects Leila and Amir’s lifestyle if the unexpected happens to either one of them. It can also provide their children with liquid assets to pay off debts or estate taxes and, perhaps most importantly, enough wealth to maintain their affluent lifestyles.
The Sun Life Financial group of companies operates under the "Sun Life Financial" name. Sun Life Financial Inc., the publicly traded holding company for the Sun Life Financial group of companies, is not a product offering company and is not the guarantor of the obligations of its subsidiaries.
Life insurance products available through the international offshore business based in Bermuda are offered by Sun Life Assurance Company of Canada (Bermuda Branch). These products may not be sold in the United States, nor to citizens or residents of the United States, nor to residents of Bermuda or Canada.
Wealth and Investment products through the international offshore business based in Bermuda were issued by, and supported by the financial strength and claims paying ability of, Sun Life Financial Investments (Bermuda) Ltd. ("SLFIB"). Certain payment obligations of some products issued by SLFIB are supported by a guarantee in its favor by its parent company, Sun Life Assurance Company of Canada; see product offering document(s) for details. Among other restrictions, these products were not available for sale in the United States, nor to citizens or residents of the United States or Canada, nor to residents of Bermuda. SLFIB no longer markets the Wealth and Investment products, having discontinued new sales as of December 2015.
In certain communications, the company may be referred to as 'Sun Life Financial International" strictly as a marketing name and no legal significance is expressed or implied.
Sun Life Financial Investments (Bermuda) Ltd., Hamilton, Bermuda, is regulated and licensed to conduct Investment Business by the Bermuda Monetary Authority under Bermuda's Investment Business Act.
The information and scenarios described herein are not intended as legal or tax advice. Tax treatment of offshore products has not been determined under the tax legislation applicable to you or any individual investor. Legal and tax consequences that may be applicable in any relevant jurisdiction will need to be considered for each investor's situation. Investors should consult with their tax advisors regarding the ownership of offshore products prior to investing.
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