Do you still need insurance if you have 654.38+million? How do the rich preserve their value?

Asset management "Insurance policy is an easy-to-implement financial management tool". Asset management is to allocate and call assets reasonably within a certain range, so as to achieve certain benefits under the condition of controllable risks. And through asset management, some planned people's life goals and management goals can still be achieved. Asset preservation has risen to a new level, which means that the customer's property scale is already very large and can't be spent in this life. So how to ensure the stability of wealth within the scope permitted by the existing legal framework and under the premise of controllable risks? Because in some legal environments (such as inheritance tax law), wealth will be lost in large quantities, and such customers will be more concerned about how to avoid this loss reasonably to facilitate the distribution of wealth for the next generation and how to avoid the fire in the backyard. Financial instruments that can be used to achieve these functions are insurance and trust. Life insurance can not only give people peace of mind and security through money, but also convey a deep love to their families. At the same time, it is closely combined with asset preservation, showing unique charm. Life insurance is a very easy "cash" financial management tool and a safe way to reserve funds. When many people run their own businesses, they will put a reserve in the bank for a rainy day and supplement it to the enterprises. But when the problem of creditor's rights and debts leads to legal proceedings, the bank's money may be frozen. At this time, due to the lack of circulating cash flow, business transactions may come to a standstill and even lead to bankruptcy. However, if the way to reserve is to buy a life insurance policy, the problem will not be so terrible. Since the life insurance contract takes human life as the subject matter of insurance, according to the provisions of the Insurance Law, an insurance policy with death as the condition of paying insurance benefits may not be transferred or pledged without the written consent of the insured, in other words, the life insurance policy is not enforceable. Therefore, when all the property is frozen or even auctioned, the life insurance policy will not be frozen and auctioned, and its policy loan function makes it the most convenient "liquidation" tool. Therefore, if the business operators can put a part of their reserves into the insurance company to buy whole life insurance every year, they can take the life insurance policy to the insurance company to pledge the loan when the property is frozen and the capital turnover is ineffective due to the dispute of creditor's rights and debts. The loan amount is usually 70%-80% of the cash value of the policy (refer to the terms of the purchased insurance contract for the specific proportion). Even if the enterprise goes bankrupt, the cash value of the policy will not be included in the debt-paying assets. In this regard, the boss of Enron Corporation in the United States can be said to be a good example. He and his family can still enjoy a high-quality life after the bankruptcy of the company, because before the bankruptcy of the company, he and his wife had already purchased $3.5 million in life insurance. Under the framework of American law, they can still have a large number of disposable assets after bankruptcy. Life insurance is a good tax avoidance tool. Taxpayers use legal means to arrange business and financial activities within the scope of tax laws and regulations, which is a good asset preservation. Asset preservation is higher than asset management. If asset preservation is not done well, asset management is meaningless, because if there is something wrong with the platform, a rich man finally gives a sum of money to a place or person he doesn't want to give. The more money, the more uneasy and meaningless he is. The tool of asset preservation "will+cash" involves two parts, one is trust, the other is tax, which involves insurance. With insurance as a tool and trust and tax arrangements as a platform, asset management is only at this level. At this time, "Qian Shengqian" has gone beyond the secondary markets such as stock funds entered by mass investors, but entered the investment channels of derivatives and equity investment. Thus, the "rich" in China with an annual income of more than 6,543,800 yuan should consider the order of financial management: asset preservation first, then asset management. A policy is a will, and a policy is cash. For example, the distribution of assets of a rich man. For example, he has a business, two children and some corresponding financial assets. If this person says: I will leave a will, and after I leave, the two children will be 50% each, which will bury a very big hidden danger. This arrangement itself is good, 50% and 50% arrangement, but this arrangement is cash distribution, and the result of cash distribution is that assets must be sold and enterprises must be sold before they can be divided. For example, the house value100000 yuan. This house is to be divided between two children and can only be sold. If you don't sell it, you can't divide it. If one child keeps the house and the other child gets 5 million, there will be a difference. Children who take the money will think that the house is worth150 thousand yuan. If you put it in an enterprise, it will be more complicated. So when a rich man wants to inherit assets, it is impossible for him to do it in this simple way. He must first plan the asset structure. For example, the eldest son of this man's two children is better at running a business, so he left the business to his eldest son. What is the current business evaluation, such as value 1 100 million. In addition, there are other financial assets totaling 50 million yuan. Then the two sons each accounted for 50%. According to the calculation of 75 million yuan, the eldest son inherits the enterprise, the second son inherits the financial assets of 50 million yuan and the other 25 million yuan. You can set the second son to hold 25% of the shares of the enterprise, and the shares will be worth so much in the future. Among them, 50 million yuan of financial assets can be used in the form of trust or life insurance, and the second son can be designated as the beneficiary and become an indisputable asset. A life insurance policy should also be arranged for the enterprise assets inherited by the eldest son, and the inheritance tax should be paid with the cash settled by the insurance company during the asset transfer process. Such pre-arrangement can avoid possible disputes in the future, which is an asset structure arrangement. To whom, who inherits what kind of assets, and in what way and way ... Therefore, a rich man's asset structure planning and wealth distribution planning far exceed the concept of sharing money after death. Regrettably, many rich people have not made reasonable arrangements, or even have no will, but only stayed in the proportional distribution in their minds. If the result of wealth distribution is that all family members are unhappy, then all the meaning of making money will be lost. This money is meaningless, and it has become a scourge and a source of unhappiness. Therefore, we should consider how to make this family more United and harmonious through this distribution. This is the realm. It is important to plan the asset structure and start implementing the long-term asset preservation plan as soon as possible. For example, life insurance policies should be bought as soon as possible, but not enough at one time. Many foreign countries levy inheritance tax, and the amount is very high. China has also begun to discuss the promulgation of the Provisional Regulations of the People's Republic of China on Inheritance Tax (Draft). According to the draft, the more inheritance, the higher the tax rate, up to 50%. Therefore, the personal wealth owned by a rich man in his life will be "devalued" by paying taxes when he dies, and even become a burden and pain to his family. If there are many non-financial assets in the assets, and the heirs do not have enough funds to pay the inheritance tax when accepting the inheritance, these assets cannot be inherited and can be auctioned in advance. Therefore, it is a wise choice for yourself and your family to plan insurance as soon as possible when planning your inheritance. Because many countries' laws on inheritance tax clearly stipulate that life insurance claims are not included in the taxable amount, the basic principle of humanistic care is that one's assets can be taxed, but one's life value cannot be taxed. In recent years, the policy vigorously promoted by China government is people-oriented, so we have reason to believe that insurance claims should also be tax-free when inheritance tax is levied in China.