About Insurance wrappers
The insurance wrapper offers mainly Asset Protection and Succession Planning:
- Asset Protection – the assets are transferred to Old Mutual, a large Insurance company that is well regulated (both in Ireland and the UK) with Custodians holding the assets. The wrapper can hold individual equities, other brokerage accounts, bank accounts as well as shares of private companies.
- Succession planning – the owner can nominate beneficiaries in case of death.