Navigate the World with Wealthy Global Citizens
Why do wealthy global citizens seek US life insurance? They often have several compelling reasons, including:
- Tax liabilities: US life insurance can help manage US tax liabilities, which is particularly important for global citizens with significant assets.
- Legacy planning: When substantial death benefits are needed for legacy planning, US life insurance offers a viable solution.
- Affordability and risk: US life insurance remains relatively cost-effective and is perceived as less risky by many.
- Estate taxes: Wealthy global citizens may face estate taxes on US assets exceeding $60,000, making US life insurance a strategic estate planning tool.
Navigating the complexities of underwriting, estate planning and other nuances in this growing market can be challenging. Let John Hancock be your guide to understanding and leveraging US life insurance for wealthy global citizens. Check out our resources today:
- Blog — The Corporate Transparency Act and how it might impact foreign entities
- Selling guide — Wealthy global citizen market
- Because you asked — Estate and gift tax treatment for non-citizens
- Client guide — US life insurance opportunities for wealthy global citizens:
Find these materials and more at Planning for Wealthy Global Citizens.