Sophisticated planning for the high net-worth United States citizens often includes the use of offshore variable life insurance. Such leading edge planning is accomplished through structures that provide income, gift, estate, and generation-skipping transfer tax planning not available domestically. In addition to providing sophisticated tax and estate planning benefits, variable life insurance policies issued by foreign-based carriers have numerous economic advantages.
J. R. Duke,
Planning for High Net-WOrth U.S. Persons Through the Use of Offshore Life Insurance,
Rich. J. Global L. & Bus.
Available at: http://scholarship.richmond.edu/global/vol1/iss1/4