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The definition of a high net worth individual varies among institutions, but generally, it refers to those with investable assets exceeding one million dollars. This demographic typically includes business owners, executives, professionals, and heirs who possess significant capital. Their needs, however, are vastly different from those of the average earner. While the latter might focus on replacing income or covering modest medical costs, the former faces risks concerning complex asset structures, high-value real estate, and significant liability exposures. Consequently, the solution lies in bespoke insurance structures that offer layers of protection rather than a single, one-size-fits-all policy.
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