Life insurance, particularly for wealthier and high-net worth clients, deserves to be employed much more often, writes Torquil McLusky
According to Barclays Wealth, the number of millionaires in the UK has increased by 41% over the past five years. There are now 715,000 millionaires living in Britain, compared with 508,000 in 2010, with London having the highest concentration of wealthy individuals. Put another way, one in 65 adults is now classed as having a seven-figure fortune: for many of these, the value of their principal residence will be their main asset. Not all of this population will be part of what financial services...
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