Age 53, Brazilian citizen, U.S. investor
CEO of an international bank
Annual salary of $5 million
Net worth of $27 million
$3.5 million property in Miami Beach
and large U.S. brokerage accounts
Ronaldo, like many affluent foreign nationals, is attracted to the stability of U.S. investments as part of a diversified portfolio. He would like to purchase U.S. life insurance to protect his legacy and potentially add cash value in U.S. dollars.
Continue to diversify his global portfolio with U.S. assets
Provide a legacy to his family paid in U.S. dollars
Access the benefits of U.S. life insurance, including flexibility, tax efficiency, and competitive pricing
Ronaldo needs life insurance but is not interested in selling illiquid assets or diverting income from his rapidly growing business or investments.
Later, the ILIT repays the loan through either the life insurance policy value or a planned liquidity event. Ronaldo relies on a financial professional to help him navigate the life insurance and loan application processes.
Ronaldo puts this premium finance strategy in place using Lincoln’s indexed universal life solution. By borrowing premiums, Ronaldo is able to purchase the life insurance he needs without liquidating his rapidly growing assets.
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Review the Foreign National Presubmission Worksheet, Foreign National Fact Finder and Premium Finance Guidelines to determine if Lincoln is a good fit.
If possible, submit medical, financial and loan documentation as well as a cover letter and HIPAA as part of an informal application.
Plan around client travel to the U.S.
Discuss the case with your agency, wholesaler and/or Lincoln’s Specialty Markets team.
Our expertise with foreign national and premium finance cases
Competitive ratings and product solutions
Dedicated consulting and underwriting service to help you win cases
Specific guidelines dedicated to premium financing for global citizens
*Receipt of benefits depends on rider and meeting certain qualifications and varies by state. The use of one benefit may reduce or eliminate other policy and rider benefits. Payment of living benefits will reduce the cash value and death benefit. Substantial tax ramifications could result upon contract lapse or surrender.
Surrender charges may reduce the policy’s cash value in the early years. It is possible that coverage will expire when either no premiums are paid following the initial premium, or subsequent premiums are insufficient to continue coverage. The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This information is not intended as tax advice. Please consult with your tax advisor regarding your own situation. Not all riders are available by all life insurance companies.
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source:
http://www.kaizenplan.com/kai-zen-employers/company-benefits-features/
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