A foreign national is a person who is not a citizen of the country in which he or she resides or temporarily sojourns. For example, a foreign national in the United States is someone who is neither a citizen nor a permanent or temporary resident of the United States.
MRW Financial is able to offer great insurance solutions to High Net Worth Foreign Nationals seeking U.S. dollar-denominated policies outside their country of residence.
This market segment is growing faster than the population generally and is more affluent as well. Think of employees of multinational corporations stationed here…physicians and medical professionals…academics and graduate students…and purchasers of vacation properties.
Many Foreign National individuals do not know that life insurance from a U.S. carrier can be an essential component to fulfilling many of their financial objectives.
Some producers may think that the growth of the foreign-born population is limited to traditional U.S. gateway cities like Los Angeles, New York or Miami. And while there are certainly regions that have a high concentration of foreign national residents, foreign nationals are not confined to these areas.
Cover substantial estate tax liability for all U.S. owned assets. Federal Estate Tax Exclusion is currently 60k for Non-Resident Aliens.
Capital Gains on cash value growth not subject to mandatory 30% withholding.
Hedge against local currency devaluation risk.
Death benefits are paid in U.S. dollars.
Premium payments can be made from non-US institutions or with credit cards.
Flexibility of premium duration and amount.
Single pay and limited pay options will not MEC.
No U.S. nexus required for domestic and international policies.
Foreign individual and entity ownership of policies is allowed.
We are able to provide a suite of life insurance products designed to serve the personal and business needs of affluent individuals in Latin America, Asia and throughout the world. These products provide comprehensive coverage with built in flexibility to meet the specific needs of each individual. This list includes but is not limited to: Family protection, retirement planning, education funding, business succession as well as traditional life insurance as a death benefit.
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No U.S. Nexus required for domestic or international policies
U.S. policy delivery not required
Premium payments can be made from non-US institutions or with credit cards
Foreign individual and entity ownership allowed
Translation to English not necessary for medical records in Spanish, Portuguese, or French
Medical risks through Table H (8)
UL policies not subject to US tax law (Non-MEC)
No mandatory US income tax withholding on withdrawals
UL policy flexibility for large single premiums designed to preserve, grow or transfer wealth
Fully compliant with US regulations
Ability to insure minors and elderly individuals ages 0-90
Unique single premium lifetime term product designed specifically for wealth transfer scenarios
Partnered with a 100+ year old company with proven financial strength and stellar ratings (“A” by A.M. Best and “A” by Fitch)
Experience doing business in 22 different countries across the Americas
Multicultural Sales, Underwriting, and New Business teams supporting the international marketplace
MRW FINANCIAL BROKERAGE © 2017
310 S. Dale Mabry Hwy Suite 210 Tampa, Florida 33609 | Toll Free : 800-967-7661 | Main : 813-875-6331 | Fax : 813-875-7331