Swiss Annuities are issued by a Swiss Life Insurance company and are never taxed in Switzerland for non-residents. Your money will accumulate tax-free and are not subject to Swiss Tax.
Switzerland is on the gold standard and 40% of all money in Switzerland is backed by Gold. Only 1% of money printed in the United States is backed by gold.
Typically, owner pays a certain amount of premium, which is put in a range of sub-accounts, each having a different investment strategy such as moderate, conservative or aggressive. These annuities work just like US annuity types, with the only difference that insurance agreements are issued by ‘Swiss’ insurance firms. You can have a currency preference of Swiss Franc, Euro or US dollar to assign to your annuity.
What are the Advantages?
Safety Safety Safety
90% of all the worlds lawsuits are generated in the United States.
These annuities are not only the safest investment form, but they also offer strong ‘
asset protection
’, which is mainly relevant for US shareholders and other well-off people located at any part of the world, who want to defend their assets lawfully. Based upon the individual circumstances of the investors; the investments in ‘Swiss annuities’ may also offer tax advantages.
Key Benefits
•Tailor-made: These annuities are tailor made to suit most individual requirements. For instance, if considerable assets are to be put in insurance policy, or through an insurance contract; it is likely for a specific insurance plan to be set-up in such a way that it permits underlying investment to be structured in individual portfolio through existing investment director.
•Possibility of currency switch: The alternative of currency switch is available for all major currencies of the world. Investors therefore can select a Swiss franc annuity type and change it into Euro or other major currencies at any point of time.
•Immense flexibility in change policy choices: These annuities facilitate optimum flexibility in changing other policies during the accumulation stage, for instance, deferment period, beneficiary clause and payout options.
•Fantastic asset security: If organized properly, Swiss insurance policies can never be held by creditors, nor can it be incorporated in any Swiss or foreign bankruptcy procedure.
•Assured returns: On fixed annuity types, the returns are assured by Swiss insurance companies and various government laws safeguard investors in many ways.
Besides the above mentioned points, some other benefits of these annuities include instant liquidity, no-load investment, no long accumulation durations, no taxes and loans of up to one hundred percentage of policy value.
Other Advantages
Fees: NONE
Liquidity: 100% after 12 months
Privacy: Fully guaranteed by the Swiss Federal Bureau of Private Insurance
If you are an American citizen, the IRS requires you to submit IRS Form 720 for “1% excise tax” if you purchase a Swiss annuity. A recent ‘tax treaty’ of the United States with Switzerland has let go of this excise tax if you purchase annuities from Swiss insurance firms.
Advantages for United States Citizens:
US citizens can buy these annuities as mentioned above as well as hold their annuities in US Tax-Sheltered Pension Plans such as an IRA or corporate plans. These plans can easily be rolled over to a Swiss Annuity and they will process the rollover free of charge to you.
A Swiss policy is actually a kind of investment in Switzerland; it is quite similar to one’s deposits with a fixed rate. This typically includes buying an insurance plan with one of the topmost insurance firms in Switzerland. You can enjoy growth, excellent return and safety of your assets with ‘interest rates’ plus ‘dividends’ on maturity.
Above all, if you are on the lookout of some best asset protection tools
, then, these annuities are just the right way to go.
If you would like more information on Swiss Annuities and Life Insurance
, please click the link at the bottom on this page.