Are international annuities more protected?
Yes – if you buy them from insurers in the right jurisdiction. Some
international annuities are self-protected. For example, you cannot lose
to creditors a Swiss annuity if it has a proper one year advance beneficiary
designation to a spouse or children revocably, or irrevocably, or third
parties irrevocably. A court cannot compel you as the policyholder to
liquidate the Swiss annuity and repatriate the funds. As the policyholder,
you’re powerless to do so. The Swiss annuity thus enjoys built-in
protection against all creditors and judgments – including divorce.
This broad protection is especially appealing when other asset plans offer
more limited protection. But a little-known secret is that other international
annuities are even more protective. While Swiss annuities have long symbolized
quality and protection, Isle of Man and Lichtenstein insurers are as highly-rated
as Swiss insurers and provide more protection. You should investigate
the wide range of international investments. Your safest investment may
be an international annuity, which may be considered for your investment
portfolio. Unfortunately, too few Americans know about their financial
and legal benefits. Of course, you would own your annuity or international
portfolio through an international asset protection structure –
such as an international asset protection trust – to add to the
annuity’s protection. The trust or international LLC would own the
annuity and be its irrevocable beneficiary. You would name the trust’s
beneficiaries and retain the right to re-designate beneficiaries without
losing protection. As an example, an Isle of Man annuity owned by an international
trust and/or international LLC gives you exceptionally strong wealth protection.
Many of our clients have ‘protected international portfolios’.
The product is not necessarily an annuity, but an investment portfolio
that meets our clients’ investment needs and is issued from a rated
underwriter in a jurisdiction that protects these investments from creditor seizure.