Why Do Foreign Nationals Want US Life Insurance?
High-net-worth (HNW) foreign nationals turn to US life insurance for many reasons, including help with US tax liabilities, and when large amounts of death benefit may be needed for legacy planning. Even with interest rates on the rise, US life insurance can be more affordable and is often perceived as less risky to these HNW individuals. From an estate planning perspective, HNW foreign nationals will be paying estate taxes on assets greater than $60k (that is the limited exemption). This growing market has several nuances when it comes to underwriting, estate planning, and much more. Let John Hancock be your guide to navigate the HNW foreign national market.
Guide: High-net-worth foreign national guide (for agent use only)
Because You Asked (BYA): Non-citizen estate and gift tax treatment (for use with attorneys and CPAs)
Client guide: US life insurance opportunities for high-net-worth foreign nationals
Video: Planning for HNW foreign nationals (for agent use only)