Life insurance is a unique planning tool, enjoying extensive tax, investment, probate and political advantages in most countries of the world. Probably no other financial instrument provides so many benefits. If you operate in the international tax-planning arena, it is necessary to understand the financial benefits life insurance has to offer. This volume assembles a group of authorities on international life insurance to set out the key issues in this fast-changing area of international planning - and show how to profit from the financial benefits it offers. In 24 chapters, "International Life Insurance" analyzes the central issue facing practitioners, advisers and clients alike, including: definitions of life insurance by country; death tax treatment by country; premium taxes by country; investor control issues; regulatory issues; private placement insurance; major international insurance domiciles; income tax treatment by country; wealth tax treatment by country; creditor protection benefits; diversification issues; anti money-laundering; the role of trusts with insurance; and how life insurance can be used to meet client needs.
Preface
1.
International Life Insurance: An Overview
David D. Whelehan, JD, AG Transnational, Ltd.
Preface
North America
2.
United States
Joel Karp, Karp & Genauer
3.
US Investor Control & Diversification Issues
James A. Walker, Walker & Black
4.
US Regulatory Issues
Hugh McCormick, LeBoeuf Lamb Green & MacRae
5.
Canada
Wolfe Goodman, Goodman & Carr
Preface
Latin America
6.
Mexico
Sergio Yarittú Gonzales, Smart Consulting, SC
7.
Brazil
Ana Claudia Akie Utumi, Tozzini, Freire, Teixeira e Silva, Advogados
8.
Regulatory Issues for Latin America
Thomas Morante, Jones Walker
1
APPENDICES
Europe
9.
France
Philippe Juilhard, Bureau Francis Lefebvre
10.
Germany
Sonja Klein, Baker & McKenzie
11.
Italy
Paolo Ludovici, Maisto e Associati
12.
Spain
Adolfo Rovira, Cuatrecasas
13.
United Kingdom
Miles Dean and Richard Williams, International Fiscal Services Ltd
Preface
Asia
14.
China (PROC)
Joseph Fong, Feng Chia University
15.
Taiwan (ROC)
Joseph Fong, Feng Chia University
16.
Japan
Masatami Otsuka, CPA, Jones Day Reavis & Pogue
Eiichiro Nakatani, Konak Toyama & Josaya
Ichiro Otsuka, Blakemors & Mitsuki
Preface
Special Issues
17.
Asset Protection
Mike Heimos and Greg Dean, Dean & Heimos
18.
International Trusts
Peter Cohen, Trident Trust Co.
19.
International Anti-Money Laundering Issues
Bruce Zagaris, Berliner, Corcoran & Rowe
20.
International Private Placement Insurance
Gerry Nowotny, JD, Marsh Financial Services
Preface
International Insurance Jurisdictions
21.
Bahamas
Hywel Jones, Britannia Consulting Group
22.
Bermuda
David Lines, Appleby Spurling & Kempe
23.
Cayman Islands
Timothy Law, JD, Scottish Annuity & Life
24.
Isle of Man
Nigel Bowrey, Consultant to Isle of Man Assurance Co.
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