How Much Life Insurance Do I Need? | HSBC

A guide to choosing life insurance

The HSBC guide to choosing life insurance details key considerations for every stage of your life, so you can make informed decisions about your insurance options. In addition, our holistic life-cycle planning approach can help you integrate insurance into a larger wealth-management strategy.

Comprehensive life stage planning

Insurance solutions address different needs depending on where you are in life. For young families, life insurance can help replace income after the loss of a breadwinner. As your income and personal assets increase with career success and growing earning power, the role of insurance coverage can change. For example, during retirement, life insurance can become a key part of a tax-deferred investment and estate-preservation strategy.

In addition to the information in this guide, your HSBC financial professional1 can discuss your life goals and needs to help you make informed decisions. We can help you create an insurance strategy for your current and future life stages, as part of your overall financial plan. Most frequently used for wealth protection and transfer, insurance may also be used for accumulation and distribution. We'll help you focus your strategy across four categories:

Wealth accumulation

Set assets aside for important goals and plan to build wealth through investment compounding, which can include investments inside insurance.

Wealth protection

Take action with the goal of preserving wealth and planning ahead to help protect your family against setbacks. Insurance is frequently used for this function as part of a larger financial strategy.

Wealth distribution

Use your wealth to enjoy the lifestyle you would like in retirement years and help others during your lifetime. Insurance is often a key component of retirement planning and income distribution.

Wealth transfer

Arrange for the efficient transfer of your wealth to your beneficiaries. Insurance is ideal for the tax-free or tax-deferred transfer of funds to your heirs without costly delays or probate.

Life-stage planning with professional support

If you would like personal support for your insurance planning, our knowledgeable financial professionals provide:

  • Complimentary insurance analysis without obligation to purchase
  • Strategic insurance planning and counsel
  • Thorough knowledge of insurance options for a wide variety of needs
  • Friendly and helpful client service
  • Connections to our global network and expertise

Investment and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. In California, HSI conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Whole life, universal life, term life and health insurance products are provided by unaffiliated third parties and are offered through Insurance Agents of HSBC Insurance Agency (USA) Inc., which is a wholly owned subsidiary of HSBC Bank USA, N.A. Products and services may vary by state and are not available in all states. California license #: OD36843.


Investment, Annuity and Insurance Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE

All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.

Research backgrounds of brokers and brokerage firms for free by visiting FINRA's BrokerCheck website

1 Financial professional refers to Premier Wealth Advisors (PWA), Premier Relationship Advisors (PRA) and Financial Advisors (FA). PWA/PRAs primarily focus on a full suite of Premier products and services while FAs primarily focus on a full suite of Advance products and services. Both offer bank products through HSBC Bank (USA) N.A., investments and certain insurance products, including annuities, through HSBC Securities (USA) Inc. and traditional insurance products through HSBC Insurance Agency (USA) Inc.

†† Investments, Annuity and Insurance Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE

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