An independent, boutique multi-family office set up to support business founders and wealthy families in bringing a vision of preserving your legacy to reality, Genea Family Office, has hosted an exclusive event highlighting the critical role of life insurance in estate and wealth planning.

The gathering, focused on preserving and transferring wealth to future generations, was held in partnership with Providus Bank Limited, one of Nigeria’s financial institutions, and Howden Group, a global insurance leader.

A Partner at Genea Family Office, Abiola Adekoya, said that the event aimed to showcase how life insurance is integral to holistic estate planning for high-net-worth families and successful family businesses. This initiative aligns with Genea’s Wealth Portfolio Wellness services, which offer a comprehensive approach to wealth management.

“Our focus is on tailored strategies that safeguard and grow generational wealth. In addition to wealth management, we offer services in family governance, succession planning, and lifestyle concierge” Adekoya stated.

Besides, the event featured discussions on advanced estate planning strategies, offering fresh perspectives on the importance of life insurance for wealth transfer and long-term protection. Attendees learned how integrating life insurance into financial plans could facilitate seamless wealth transfer, as well as ensure the stability and growth of family assets.

Also, another Partner at Genea Family Office, Abiola Adediran, emphasised that effective estate planning can mitigate risks and losses, adding: “This strategic approach not only preserves family wealth but also provides a tax-efficient means to secure financial legacies for future generations.”