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The basic structure of „new life insurance“ Segregated account(s) for the benefit of policy xyz Variable returns
Beneficial owner of the assets in the policy account is the carrier.
Insurer insolvency does not expose policy assets.
Policy Assets Insurer General Account Policyholder Insurer Policy xyz with fixed returns / benefits Asset Manager / Advisor Limited Power of attorney
Personalized wealth management in your insurance structure Asset management tailored to meet your personal investment objectives „ Insurance Envelope“ tailored to meet the legal requirements of your tax domicile Policyholder Insurer Policy Assets Segregated account(s) for the benefit of policy xyz Asset Manager / Advisor Limited Power of attorney Policy xyz with “ variable” returns / benefits
Multiple Jurisdictions - Who is the investor? Policyholder Insurance Company Bank / Policy Account Independent Asset Mgr. US Liechtenstein Cayman CH
Investor is the insurance carrier, NOT a US person!
Getting it right, from the start, for the long-term Key elements of solid wealth management solutions
Safety – jurisdictional and institutional…
Asset Protection – from plaintiffs and creditors...
Privacy – keeping your affairs confidential...
Global investment flexibility – no restrictions or limitations...
Inheritance / Estate tax not avoided by life insurance solutions per se
Beware of advisors who don‘t do their homework
Generally, the policy should come with a legal opinion
The choice of carrier and its jurisdiction are critical
Transfer of existing portfolio (“In kind premium”) subject to CGT
What are your primary objectives? You may not be able to „have it all“…, for example:
Flexibility / Investments „underneath“ vs. tax benefits
Retirement planning versus inheritance planning
Cost of insurance
Some of the jurisdictions with the most favorable tax laws
United States of America
Emerging Role of Life Insurance “ New” Life Insurance Income Tax Planning Capital Gains Tax Planning Death / Estate Tax Planning Hedge against Death Dynasty Planning Immigration / Emigration Multiple Jurisdictions Investment Flexibility Securities Laws Asset Protection Financial Privacy