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How HNW Families Can Protect Themselves and Their Wealth: Study
News January 03, 2025 at 03:49 PM
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What You Need To Know
- Only 31% of wealthy respondents said that they are willing to accept greater financial risk to lower insurance costs.
- A quarter of affluent families said that theft and accidents had a high or very high effect on their wealth.
- Most high-net-worth families are engaging in some level of self-insurance, typically by setting deductibles higher or dropping riders to reduce premiums.
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