A. US-based life insurance appeals to Foreign Nationals in many aspects:
- Desire to diversify assets in the safety and security of the U.S.
- Appreciate the privacy of a life insurance purchase
- Non-resident Foreign Nationals avoid taxation on U.S.-based life Insurance proceeds
- Non-residents can insure the loss of the unlimited marital deduction on U.S. assets and the associated estate taxation
- Value the accumulation potential and flexibility of U.S. life insurance products
- Recognize that U.S.-based life products offer lower costs than those offered elsewhere
- Welcome the potential of legacy assets for family members in a safe jurisdiction