Reported about 1 year ago
According to the latest forecast from the Directorate-General of Budget, Accounting and Statistics, Taiwanese individuals have accumulated excess savings totaling NT$3.8 trillion this year, reaching a historic high for the fifth consecutive year. To navigate the uncertainties in the capital market, life insurance companies advise high-net-worth individuals to focus on bridging protection gaps, wealth appreciation, and inheritance. Using the three words of 'gift, preservation, and love' as a guideline, individuals can plan their legacy through various insurance functions such as gifting to reduce tax burdens, preserving assets for successors through designated insurance beneficiaries, and ensuring family well-being through life insurance protection. Starting inheritance planning early is emphasized for optimal benefits in terms of estate tax savings and securing family legacies.
Source: YAHOO