Facing the Future
HSBC’s The Power of Protection is an independent consumer research study into global protection needs and trends
1. Identify your priorities
17%
of people say their family’s health and wellbeing is the most important thing to them for the future.
2. Assess your finances
43%
of people supporting someone financially feel they themselves are just about managing or not managing at all well.
3. Plan for the whole family
80%
of people supporting someone financially say their family would not manage well if they had to significantly reduce their support to them.
4. Talk about the future
85%
of people who are supporting someone yet managing well financially have had a conversation about their long-term financial security should something happen to them.
Reproduced with permission from The Power of Protection, Facing the future, published in 2017 by HSBC Holdings plc.
1 Financial professional refers to Financial Consultants (FCs), Investment Counselors (ICs), and High Net Worth Relationship Managers (HNWRMs). FCs, ICs, and HNWRMs focus on a full suite of High Net Worth, Jade, Premier and Advance products and services. Both offer bank products through HSBC Bank (USA) N.A., investments and certain insurance products, including annuities, are offered through HSBC Securities (USA) Inc. and traditional insurance products are offered through HSBC Insurance Agency (USA) Inc.
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