Underwriting challenges of the hazardous pursuits of HNW and UHNW individuals

Hazardous pursuits encompass a broad range of high-intensity activities that often involve elements of speed, height, and exposure to challenging environments, many of which are common among HNW and UHNW individuals. Some prominent examples include mountaineering, diving, private aviation, and heli-skiing, all of which carry their own unique set of risks and can present underwriting challenges that may have a profound impact on premiums. Subsequently, financial advisers need to comprehend the nuances when helping clients place life cover. One of the primary challenges in assisting ...