Opportunity in HNW Foreign Nationals?

High-net-worth foreign nationals – especially those who own property in the U.S. – often have an exposure to a potentially hefty estate tax. The simple remedy? A life insurance policy, of course. The U.S. tax code considers life insurance on the life of a non-resident foreign national as not “situated within the United States” and, therefore, not included, as part of their U.S. gross estate. As the death benefit isn’t subject to U.S. estate tax, it goes to the heirs and/or beneficiaries intact.

Allan Gersten, CLU, ChFC, CFP, has contributed a new article to Insurance Forums asking why more

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