Assets can help get a general idea about an applicant’s total wealth situation, but they should always be looked at in relation to liabilities. Only net assets (assets – liabilities) help get the real picture.

For inheritance tax cover a breakdown of assets and liabilities, as well as a listing of possible tax reliefs, are crucial for the calculation.

For all other types of insurable interest, net assets only play a minor role in filling out the overall picture. In these cases, it is interesting to know where the assets originate from, e.g. has the applicant themselves created their fortune or is their wealth inherited?