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OFFSHORE INTERNATIONAL LIFE INSURANCE & FOREIGN NATIONAL LIFE INSURANCE
| Offshore International Life Insurance: |
| Foreign Citizens in a variety of countries whom are eligible to purchase insurance coverage from insurance companies which are based off-shore (many are Bermuda based) |
| Policy Type: |
Universal Life contract for insured's up to mid 70's (maximum issue age varies per carrier) |
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Face amounts up to $17,000,000 per carrier (face amounts vary per carrier) |
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Medical Underwriting: Exams can be executed in a variety of countries within close proximity of insured |
| Why buy life insurance: Many countries have inheritance tax and other forms of taxation. Policies are bought and held in US dollars. |
| Foreign National Life Insurance: |
| Citizens of other countries can qualify as a foreign national if they have ownership of property, assets or bank accounts in the US> Many have US trusts or LLC's which own the contracts. |
| Policy Type: |
Universal Life contract for insured's up to age 70 (maximum issue age varies per carrier) |
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Face Amounts up to $10,000,000 per carrier (face amounts vary per carrier) |
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Medical Underwriting: Exams must be done in US |
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Solicitation and application must be done in US |
| Why buy life insurance: Many countries have inheritance tax and other forms of taxation. Policies are bought and held in US dollars. |
| Japanese version click Japanese PowerPoint. |
| 日本語版は日本語パワーポイントをクリック。
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| Please contact Debra Hoag for more information |
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