Lombard International Assurance S.A., a leading provider of insurance-based wealth, estate and succession planning solutions for high net worth individuals, families and institutions, announced today the launch of an enhanced offering to Israeli resident clients, leveraging its 30+ years’ experience in designing cross-border solutions to protect, preserve and pass on wealth, using Luxembourg unit-linked life insurance.
Luxembourg unit-linked life insurance is an established and internationally recognised tool for bespoke wealth structuring, preservation and portability, firmly embedded in the legal systems of many countries across the world, including Israel.
Lombard International Assurance’s enhanced offering for HNW Israeli residents provides access to benefits including asset and investor protection, international portability and asset allocation via a discretionary management mandate. The solution is designed to support long-term diversified investment portfolios, including alternative assets such as private equity and real estate. It provides access to a range of 900+ asset managers and 200+ custodian banks.
Jurgen Vanhoenacker, Executive Director, Sales and Wealth Structuring, commented: ‘We continue to innovate and grow our international footprint in strategic markets backed by our strong, market leading 30+ year track record. We have seen increased interest for Israeli solutions over the past few years, which has given us the opportunity to revisit, strengthen and reinvigorate our offering. I look forward to further developing our partnerships with advisers serving the needs of Israeli residents. They can count on our global capabilities, cross-border expertise and commitment to deliver service excellence’
Nicolas Bachmann, Country Manager – International Markets (Greece, Turkey & Israel), added: ‘Israeli residents are becoming more accustomed to insurance-based wealth planning solutions as it can fit into or complement their existing structures for legacy planning. We have also identified a growing appetite for our offering from partners looking for solutions for their clients to continue to benefit from the advantages of the Aliyah programme after 10 years’.
Lana Jarvis, Senior Wealth Planner for UK, South Africa, Israel and Asia notes: ‘Ultimately, an individual or family want a simple solution to complex needs. Those needs change over time and likely include a move to a new country. As part of the international Wealth Structuring team, the focus is on providing flexible, adaptable and simple solution to cater to the wealth and succession planning needs of internationally mobile HNW and UHNW families.’