More importantly, we need life insurance products that span time periods and accompany life. So, which customers are suitable for American life insurance products?
1. Customers who have American green cards or are applying for American immigration status. Many high-net-worth clients have business in China, hold American green cards or are applying for immigration status at the same time. These customers or their children are likely to live in the United States for a long time in the future. As American taxpayers, their assets and financial accounts are bound to have various connections with the United States. Therefore, from the perspective of family asset protection, asset allocation and wealth inheritance, it is necessary for these customers to allocate American life insurance, and at least buy consumer term life insurance ($ TERM).
Second, customers who own state-owned real estate in the United States. Some high-net-worth clients have invested in American real estate. In recent years, rental income and real estate appreciation have remained stable. Although there is not such a big increase, it can be safely held for a long time. If the property owner does not have American status, once the property owner dies unexpectedly, the property he holds as an inheritance will only be exempt from tax of $60,000, and the remaining value will face inheritance tax as high as 40%, and it needs to be paid in cash, which is the biggest risk exposure for foreigners to invest in American real estate. Therefore, these customers must buy life insurance as a hedge.
3. Customers with bank accounts in the United States. Some customers have bank accounts in the United States, or have dollar deposits abroad, but on the one hand, they don't know much about American financial products and dare not invest blindly. On the other hand, because of their status, most financial products are not eligible for investment (many products are not open to foreigners). There is little or no interest in putting dollars into their accounts, and there are additional expenses such as account management fees every year. For these customers, your best choice is American life insurance, especially life insurance linked to the stock index (IUL), which can not only share the growth dividend of the American capital market, but also ensure the safety of the principal and provide protection for families and children.
4. Customers with overseas asset allocation needs. The most basic principle of investment is diversification, and diversifying wealth risk through overseas asset allocation is the most important method for high-net-worth customers. In the future, it has become common sense that China and the United States are the markets with the greatest growth potential in the world. It is also necessary to consider asset allocation from the perspective of both sides of the Pacific. Due to strict foreign exchange control and limited foreign investment, the advantages of life insurance installment and high leverage ratio appear. Most customers can get two or three million dollars of insurance by paying 1 10,000 to 30,000 dollars a year. The cost performance of American life insurance products can be seen. In addition, consumer life insurance does not have the function of investment and savings, and the annual premium of $2,000 to $3,000 can be guaranteed by millions of dollars for 30 years. At the same time, according to the requirements of foreign exchange management, it is not a capital expenditure and there is no foreign exchange violation.
5. Small and medium-sized entrepreneurs. Forty years of reform and opening up, most of the first generation of entrepreneurs are close to retirement age. These entrepreneurs have created considerable wealth through their own efforts for many years, but at present they inevitably face two major challenges, one is the succession and future development of enterprises, and the other is the protection and inheritance of wealth. Small and medium-sized enterprises are mostly family businesses, and there is no complete modern enterprise system and reassuring professional managers, so the protection and inheritance of family fortune is even more important. Investing in overseas life insurance and realizing asset protection and isolation through trust structure are the first choice.
In addition, if you plan to send your children to study or settle in the United States in the future, if you have just sold your house and are looking for investment opportunities with cash, and if you want to give your children an adult gift, American life insurance is a good choice.
Laohe Finance is an independent major in wealth consulting and asset planning. Do not recommend any financial investment products and stocks, do not recommend any investment institutions, and do not cooperate with any unlicensed financial institutions. It focuses on revealing the risks of investment and financial management and is the guardian of your investment and financial management.