Foreign nationals are a growing demographic in the United States. It has become increasingly common for individuals who are not U.S. citizens to regularly visit, own property, have significant business, family and/or other financial ties to the United States. They may be unaware of the potential estate tax exposure they face. Their U.S. based assets may be subject to a federal estate tax as high as 40% with only a small exemption available. These individuals may have special estate and tax planning needs under the United States’ federal tax rules. U.S. dollar-denominated life insurance can help provide death benefit protection, long-term tax benefits, pay for estate taxes and protect the quality of life for their family.
Foreign Nationals can be categorized as
- Non – Resident Aliens, living in the U.S. full time (10 or more months per year) on an acceptable valid visa such as E1, E2, E3 EP5, H1B/H4, L1/L2, F1/F2 etc.
- Non-Resident Aliens, living outside the U.S. holding other visa types such as B1/B2 etc.
In order to issue U.S. based products, some carriers ask strong U.S. ties such as physical and financial presence; some carriers ask less; and some carriers may ask no U.S. ties. Through our trusted carriers we can help Foreign Nationals to apply suitable and competitive products.