The World's Largest Life Insurance Industry
Competition, privacy and confidentiality are the main differentiators of the North American insurance market. The products available and the solidity of the insurers allow the transfer of inheritance, dollarization and efficiency, with the most competitive costs in the world.
There are more than 2,000 companies operating in a country that remains a “safe haven” for wealth accumulation due to the seriousness of its laws and their applicability, which always protect the end consumer. American competence in this area has led to growing interest among the international public in purchasing life insurance abroad.
In a recent article published in “Trusts & Estates,” renowned Massachusetts attorney Dr. Melvin A. Warshaw outlined the main reasons that lead influential families around the world to seek America to protect their future. Check it out:
Competitive Cost
The North American insurance industry is the most competitive in the world, with approximately 2,000 companies competing for the attention of the end consumer and costs incomparable to the rest of the world, due to the seriousness of the laws and their applicability, always protecting the end consumer.
Dollarization
The dollar is always the dollar, anywhere in the world. Even in 2008, when the American economy went through a long recovery process, the country registered growth of almost 3%. The crisis took a stronger hold on the real estate market and the stock market as a whole, due to the domino effect.
Confidentiality
Security is at the heart of the concerns of successful families and this is an issue that American companies take very seriously. Confidentiality of negotiations and client privacy are unquestionable in America.
Geo-politics and Economy
The United States remains a safe haven for wealth accumulation for families from all over the world due to the seriousness of its laws and their applicability, always protecting the end consumer.
Efficiency in paying taxes
For international residents, purchasing life insurance, when purchased on American soil, represents advantages for the Insured and also for the Beneficiaries, since there is no taxation on the payment of the death benefit (if structured correctly).
Pre-Immigration and Tax Planning
Life insurance can be an excellent asset-building tool for families leaving Brazil. Partnerships with accounting firms and tax and immigration professionals (both in Brazil and the United States) are essential to define the best strategies.
There are more than 100 insurance companies and 500 managers:
The volume of options offered in our open platform framework is very broad! Watch my video!