Tag: Life insurance

  • Held Captive! The Closely Held Insurance Company

    Captive Insurance – An Integrated Tax and Risk Management Solution [typography font=”Open Sans” size=”11″ size_format=”px”]by Gerald Nowotny[/typography] Captive or closely held insurance companies have been around a long time, at least fifty or more years. For most of their existence, captive insurance companies lived in relative anonymity and were mostly in the domain of public…

  • Investments You Should Have at Home

    As a homeowner or parent, there are certain investments that are important to you and your family. Investments that you should have at home can be more important than business investments. These are investments that protect your wellbeing, your family, your finances and your health. These types of investments are often overlooked because they do…

  • An American in Paris (or Shanghai or Tel Aviv) – Part 3

    How to retain your account in a Foreign Financial Institution A. Overview In my last installment, I discussed the benefits of a private placement insurance contract (life insurance or annuity) issued by a life insurer domiciled in Puerto Rico – Isla del Encanto – for Americans living overseas. Aside from providing tax-advantages, the Puerto Rican…

  • Offshore Life Insurance to Protect Your Family

    You’re young. Life is good and you are settling into your new role as a parent and, quite possibly, the sole provider for your young family and dependents. As your thoughts turn to the future, it only makes sense you want to secure the prosperity and financial security of your young family if anything happens…

  • Tax-Advantaged Offshore Investment

    How to: Minimize U.S. Tax Reporting Requirements (Legally!) If you are an American living overseas, the walls are closing in on you quickly. If your foreign bank hasn’t already closed your account, don’t hold your breath because it is probably coming quickly. A large number of excellent articles have covered the implementation of FATCA and…

  • PFIC Problem for Americans with Offshore Investments

    WARNING: U.S. Persons who Purchased a Retirement Plan, Savings Plan issued from the Isle of Man, Dublin, Guernsey or U.K. Life Insurance Company are holding a British Style Life Policy (lump sum or savings plan) which requires annual reporting as a PFIC and suffers annual taxes on the growth of 36.9% and huge annual penalties…

  • An American in Paris (or Shanghai or Tel Aviv)

      Part 1: Using Tax-Advantaged Investment Solutions While Living Overseas Overview According to the American Citizens Abroad, there are five-seven million American citizens living outside of the United States on a fulltime basis. I for one am green with envy. I grew up in the Panama Canal Zone and know “first hand” that it can…

  • Private Placement Life Insurance – Best Offshore Investment Yet

    For decades, individuals have been placing money outside of United States boundaries. As a way of securing their funds or investments, offshore accounts were a tax free means to earning interest on a sizable amount of money. But with recent developments from the White House, offshore banking has become more restricted–lessening the appeal of creating…