High Net Worth Life Insurance
Bespoke high net worth life insurance solutions for families in Dubai, UAE and the UK, integrating estate liquidity, cross-border planning, tax efficiency and business succession to protect wealth and legacies.
Bespoke high net worth life insurance solutions for families in Dubai, UAE and the UK, integrating estate liquidity, cross-border planning, tax efficiency and business succession to protect wealth and legacies.
Your wealth isn’t just a number—it’s your family’s future, your business legacy, and the culmination of decades of strategic decisions. Yet protecting significant wealth requires far more than standard life insurance policies designed for average households. For high-net-worth individuals (HNWIs) and families across Dubai, the UAE, and the United Kingdom, generic insurance solutions leave critical gaps in estate liquidity, tax optimization, and cross-border wealth transfer.
A property portfolio worth £50 million, business interests spanning multiple jurisdictions, or complex family structures demand bespoke protection engineered specifically for your financial architecture. At Sphere Private, we understand that your financial life is anything but standard. Your insurance strategy must be equally sophisticated—integrating tax efficiency, liquidity planning, and legacy protection in one coordinated solution. Our bespoke high-net-worth life insurance strategies align with your wealth management objectives, ensuring your family’s financial security while optimizing your overall wealth structure.
High-net-worth life insurance isn’t simply “more coverage.” It represents a fundamentally different approach to wealth protection. Standard life insurance assumes simple estate structures with minimal cross-border complexity, coverage needs under $5-10 million, and straightforward wealth transfer. For a Dubai-based entrepreneur with $150 million in assets across three countries, these assumptions create dangerous vulnerabilities.
High-net-worth policies provide coverage magnitude ranging from $10 million to over $250 million. In the UAE market, “Jumbo Life Insurance” policies offer bespoke underwriting for complex health histories and politically exposed persons (PEPs). Furthermore, properly structured life insurance trusts in the UK can remove policy proceeds from the taxable estate, effectively mitigating the 40% Inheritance Tax burden.
The needs of HNWIs differ significantly based on their primary location and asset distribution.
The UAE’s zero-income-tax environment attracts global wealth, but creates specific insurance needs.
The UK market is primarily driven by Inheritance Tax (IHT) obligations and sophisticated wealth transfer rules.
Sphere Private approaches wealth protection as an integrated system, not a series of isolated policies.
We begin with a deep dive into your current assets, liabilities, and global wealth structure. This includes identifying estate tax exposure in the UK and liquidity gaps in your UAE-based holdings. We assess cross-border tax implications and evaluate business continuity risks for entrepreneurs.
What does financial security look like for your family? We help you articulate specific wealth transfer goals, determine charitable giving intentions, and define roles for heirs. We establish income needs for dependents to ensure lifestyle maintenance across Dubai and London.
Our independent advisory approach allows us to access global markets—from London to Bermuda—to find the best fit. We coordinate with your legal and tax teams to ensure seamless placement, including the setup of Irrevocable Life Insurance Trusts (ILITs) or offshore structures that provide jurisdictional neutrality.
We offer specialized solutions that address the specific financial pressures of the affluent.
Life insurance is used to fund UK Inheritance Tax obligations, ensuring wealth transfer without forced liquidation of family homes or business interests. We structure policies for tax-efficient payout timing, integrated with trust structures.
For families with substantial investment portfolios, premium financing leverages policy cash values or external collateral to fund coverage. This allows you to maintain your current asset allocation while gaining essential protection, preserving overall portfolio returns.
Globally mobile families face unique challenges when assets are split between the Middle East and Europe.
Many British executives in Dubai maintain UK property. Without a coordinated plan, those UK assets are subject to 40% IHT despite the owner living in a tax-free zone. We design policies that remain portable and satisfy the tax requirements of both regions.
Also Read: Corporate Finance Advisory: Strategic Capital and Transaction Services for Global Enterprises
Coverage should provide sufficient liquidity to settle all estate obligations (like the UK’s 40% IHT), fund children’s education (often £300,000+ per child for international schooling), and achieve wealth transfer objectives without forcing asset sales.
High-net-worth underwriting considers comprehensive medical histories and access to premium healthcare. We successfully place coverage for clients with complex conditions (e.g., prior heart issues or diabetes) that standard policies might reject, by negotiating with specialized HNW underwriters.
Properly structured international insurance remains valid and efficient through residence changes. We utilize internationally recognized carriers (Bermuda, Isle of Man) that offer jurisdictional neutrality and multi-currency options.
Families in Dubai and the UK choose us because of our Independent Advisory Excellence. Unlike captive agents, we access the entire global market, ensuring your strategy aligns with your wealth—not an insurance company’s targets. We integrate seamlessly with your tax specialists and solicitors to provide long-term stewardship through business sales, relocations, and family milestones.
Protect your legacy today. Your wealth represents years of effort; don't let it be diminished by poor planning. Contact Sphere Private for a confidential consultation to optimize your wealth protection strategy across the UAE and UK.
Salah Mattoo is an experienced international lawyer and accomplished executive, currently serving as General Counsel and Head of Compliance. He specialises in dispute resolution, corporate and commercial transactions, regulatory compliance, and internal and external investigations across multiple jurisdictions.
Salah has acted in a range of high-profile international arbitration and cross-border litigation matters, representing corporate clients, sovereigns, and institutions in complex, high-stakes disputes. Salah's background includes advisory and leadership roles in sectors such as insurance, private equity, financial services, defence, commodities, energy, technology, and infrastructure.
In addition to his disputes practice, Salah has led the design and implementation of robust compliance programs aligned with international best practices, including AML, anti-bribery, sanctions, data privacy, ESG, and whistleblower frameworks. Salah regularly advises executive teams and boards on legal risk management, governance structures, and regulatory strategy.
With a strong track record in both contentious and transactional matters, Salah combines legal precision with strategic insight to support businesses navigating regulatory complexity and international growth. Salah is qualified in England & Wales, DIFC and ADGM. He has acted as lead counsel in international commercial courts, as well as in many international arbitrations seated in the leading arbitration centers, including Abu Dhabi, Dubai, Geneva, Hong Kong, London, New York, Paris, Riyadh, Singapore, Stockholm, Tokyo, Vienna, Washington and Zurich.
Salah holds a B.A. from University of California, Berkeley and an L.L.B and L.L.M. from The London School of Economics and Political Science (University of London).
Dubai · Geneva · Hong Kong · London · Singapore
Imran Khan is a seasoned expert in private wealth planning and jumbo life insurance solutions, with over 10 years of experience advising ultra high net worth individuals (UHNWIs), families, and family offices across multiple jurisdictions. With a deep understanding of global wealth structuring, legacy planning, and asset protection, Imran is recognized for delivering highly customized strategies that align with clients personal, business, and multigenerational goals.
Throughout his career, Imran has worked closely with private banks, trust companies, and legal advisors to design and implement sophisticated structures involving international trusts, foundations, holding companies, and life insurance-based estate equalization plans. His expertise includes:
Imran holds specialist accreditations in wealth planning and international insurance advisory and is a trusted advisor to clients across the Asia, Europe, Middle East and UK. Known for discretion, technical proficiency, and strategic insight, he has built enduring relationships with UHNW families seeking to preserve and grow their legacies in an increasingly complex regulatory environment.
Dubai · Geneva · Hong Kong · London · Singapore