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If a person has sufficient assets:
- Why should they go offshore?
- Why would they want to buy an offshore life insurance policy?
- What is different about offshore insurance carriers?
- What does an offshore variable life policy offer them that is better than a policy from a domestic carrier?
Key Reasons include:
- Ultimate Asset Protection
Separate, segregated accounts established for each individual policy are solely for that policyholder’s benefit and are not subject to the claims of creditors or claims against any other policyholder.
- Wealth Preservation
Through a combination of advanced insurance law, segregated accounts, access to worldwide investment markets, and lower cost structures, offshore variable life insurance provides the optimum totally compliant wealth preservation facility.
- Estate Planning
Through proper structuring, offshore variable life insurance can be used as part of a family’s estate planning combining estate, gift, and generation-skipping transfer tax benefits.
- Privacy & Confidentiality
Many foreign jurisdictions stipulate that insurance policies must be held in strict confidence. Offshore Variable Life Insurance provides a high degree of privacy and confidentiality. Offshore trusts and bank accounts are excellent ways for US citizens to legally and securely protect their assets and themselves.
- Individually Customized Investment Facilities
Each policy is an individually customized investment vehicle, available only to higher net worth persons that provide U.S. income and estate tax efficiencies completely within U.S. Tax laws.
- Access to Worldwide Markets and the World’s Leading Investment Managers
Foreign insurance carriers provide flexibility with the location and type of investments available as well as attracting high performance recognized international investment managers.
- Flexible Investment Opportunities
Subject to each policy meeting specific diversification rules, the type of investments that can be held in the segregated account for each policy is unlimited. While a policy owner is prohibited from exercising control over the selection of securities selected, a specialized manager/s, working with the foreign insurance carrier, may assist the policy owner in making investment decisions.
- Multiple Currencies
Foreign insurance carriers normally offer premium payments, investments, withdrawals, borrowings, and death benefits in a variety of currencies.
- Low Cost Life Insurance
Offshore insurance companies have lower overhead costs and generally lower insurance costs.
- Favorable Governing Law
A number of foreign countries have enacted advanced insurance law which provides both flexibility and protection. Cayman Islands confidentiality laws provide an additional barrier to frivolous claims.
Disclaimer
The information included in this web site is not a solicitation of any insurance or security, and is not intended for the use of citizens or residents of countries where the purchase of non-registered insurance products or securities is prohibited. Products offered by Bastion Life are only available in response to offers submitted by persons who are physically outside the borders of the country where they reside or in which they are citizens.
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