What Is Life Insurance?
Life insurance is a contract between an insurer and a policyholder. A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured policyholder dies, in exchange for the premiums paid by the policyholder during their lifetime.
BENEFITS
Some of the benefits of having life insurance in the USA are:
- More accessible life insurance
- Method to generate and conserve equity in USD.
- Endorsements at the state and federal level of the USA.
- Tax-free death benefit.
- Unattachable.
- Access to investments in the US stock market.
- They do not report to * FATCA.
* FATCA. Foreign Account Tax Compliance
GENERAL USES OF LIFE INSURANCE
PROTECT
TRADITIONAL USE
- Patrimonial protection
- Income replacement
- Creation of inheritances
- Equality in inheritance
- Taxes (inheritance / estate)
FINANCE
EXCHANGE OF BUSINESS INTERESTS
Payment of Liabilities
- Patrimonial protection
- Income replacement
- Creation of inheritances
- Equality in inheritance
- Taxes (inheritance / estate)
TRANSFER
NO NEED FORESEEN
DURING THE LIFE OF THE INSURED
- Wealth Transfer Tool
- Inter-generational
- Life insurance as an “investment”
ACCMULATE OR HOLD
PERSONAL USE
- Plans as a retirement supplement
- Educational education plans
- Personal savings
- Compensation program
POSSIBILITIES
AN OWNER DIES BEFORE THE AGE OF 65 *
| OWNERS | Age of Associate | Probability (%) of a death |
| Single Associate | 30 years | 18.1% |
| 40 years | 16.6% | |
| Two Associates | 30-30 years | 32.9% |
| 40-40 years | 30.5% | |
| 50-50 years | 25.9% | |
| Three associates in a partnership | 30-30-30 years | 45% |
| 40-40-40 years | 42% | |
| 50-50-50 years | 36.2% |
