Case Studies
Following information is for illustration purposes only. Please seek for the professional advise before you take any decisions.
Current Wealth
Mr Wong is 56 years old and he runs a family business. Mr Wong is considering establishing a Red Gate Elite Variable Life Policy to protect his assets and for the benefit of his family. All numbers in US$million.
Future Wealth No Planning
Assuming that Mr Wong’s undertakes no planning and there is an estate duty/inheritance tax liability of 30% on the entire estate in his country of residence.
Future Wealth utilising Red Gate Elite Variable Life Insurance
Mr Wong uses US$1.8 million cash to purchase a Red Gate Variable Life Policy with US$10m of life cover. It is assumed that there is an estate duty/ inheritance tax liability of 30% on Mr Wong’s estate held outside of Red Gate Elite.
