Offshore Life Insurance / Annuities
Offshore Life Insurance/Annuities:
Many United States citizens want to invest in the various investment markets around the world, but also want to make sure they do so in a safe and prudent way. In addition, investors might be interested also in protecting these investment assets from taxation, especially estate taxes and income taxes. What is the solution? One answer for many clients is to invest through an offshore variable annuity or offshore variable life insurance policy. In fact, while many American investors might be concerned about investing with a company that they do not know, many such plans offer mutual fund investments with the very same US Mutual Fund companies investors do know and trust, albeit offshore, asset protected, and tax free.
If considering offshore life insurance policies or offshore annuities, or any offshore investment, consult with a competent tax attorney or accountant in forming such a plan. The legal and tax issues are vast and complex. Additionally, tax attorneys and accountants generally do not sale the products used in this service. Instead, the tax attorney and accountant are used to design and plan the strategy from a tax and/or legal basis. Therefore, in addition to a competent tax attorney or accountant, it is also wise to include a financial advisor in the process.
