Posted by 
The industry report released in 2016 by LIMRA, the most authoritative research institution in the insurance industry, stated that compared with the data in 2010, 5 million new American households have life insurance.You must be curious, why in the United States, almost everyone has a life insurance?Why is the United States so important?Next, I will tell you in detail.
XNUMX. Why do Americans have a life insurance policy?
According to American law, the estate transfer tax must be paid after death.Such legal provisions make the life insurance industry in the United States highly respected.Because if a person deposits money in a bank or buys real estate, real estate, etc., lawyers, accountants, etc. will check the property after death, and then notify the tax department to issue a U.S. estate tax form to the family of the deceased, and collect asset tax, value-added income tax, etc. Inheritance tax, income tax; collectively referred to as inheritance transfer tax, in addition to paying wills court fees, property appraisal fees, administrative fees, execution fees, attorney fees, federal property taxes, etc., exorbitant taxes and miscellaneous taxes, accounting for about 15- of all the assets left by a person 60%.Life insurance stipulates that when the insured person dies, the life insurance company does not pay income tax; when the insured person dies accidentally, the life insurance company pays double and does not pay income tax.Therefore, most Americans are willing to insure life insurance and spend money on this "invisible property" to preserve property for their heirs.
XNUMX. Who needs American life insurance?
The answer is actually: anyone!Especially for people in the following situations, an American life insurance is the best protection.
1. Those who intend to or have immigrated to the United States
For families who have immigrated to the United States, American insurance is an out-and-out rigid demand product. From medical treatment and retirement to the rational use of life insurance to avoid taxation, insurance is indispensable in every link.
For customers who are considering immigration, they should plan their insurance earlier, rather than rush into the United States after landing.In particular, American life insurance should plan before immigration, so that you can handle tax and wealth inheritance issues more easily in the future.
2. People who bought real estate in the U.S.
Some people do not plan to immigrate, but because of investment, children's education, travel and vacation, etc., they bought a house in the United States.In fact, overseas investors who buy houses in the United States face many risks: inheritance tax risks, loan risks, legal litigation risks, etc., and American insurance naturally has the function of coping with these risks.
Because the death compensation of American insurance can pay inheritance tax and repay loans, and the cash value in insurance is not recovered by legal proceedings, and has the function of asset protection.
3. Meibao Family
Now more and more families have traveled far and wide to choose to give birth in the United States. The MEBO family takes advantage of the high-yield characteristics of American insurance to purchase a U.S. life insurance policy. The main reason is to protect their next generation. This guarantee can be used to fund the children’s education in the future.And after one hundred years of his own, he can also leave a large amount of death compensation for his children to realize a completely tax-free wealth inheritance.
It can also be seen from the following 40-year-old beneficiary American life insurance information:
Hong Kong Life Insurance
1-year premium: $5 USD,
Corresponding insurance coverage: $100 million USD
American Life Insurance
1-year premium: $5 USD
Corresponding insurance coverage: $450 million USD
Is it too cost-effective to use such a small amount of money to exchange for such a large difference in the corresponding insured amount? !
4. High insured population
According to the Wall Street Journal (The Wall Street Journal), more and more high-net-worth individuals have shifted their investment goals from real estate to insurance, taking the US's large-value insurance as the weapon of choice for dollar asset allocation.
Many high-net-worth customers are usually pursued by major insurance companies, but once these high-net-worth customers really decide to insure high-value insurance policies, it is difficult for domestic insurance companies to undertake the next step. They often need to cooperate with multiple insurance companies to underwrite. Complicated and extremely demanding on the insured’s body, the end result is often time-consuming and laborious, and cannot be underwritten.
In comparison, American insurance companies are much more capable of underwriting high-value insurance policies. For Chinese residents, insurance policies exceeding 1 million U.S. dollars (100M) or more can also be made. Underwriting only requires regular medical examinations and financial certification letters. can.
In 2014, the largest insurance policy buyer in the United States, Elon Musk, a well-known technology tycoon in California’s Silicon Valley, purchased the largest life insurance policy in history: $201Million (US$2 million), breaking the Guinness World Record (Guinness World Record). Record).
In addition, the advantage of low premiums in the United States is even more prominent in large-value insurance policies.Therefore, high-net-worth individuals need to insure large-value insurance policies. In terms of cost performance and underwriting conditions, American insurance should be one of the first choices.
XNUMX. Who can buy American life insurance?
1. U.S. citizens and green card holders
This type of people can naturally buy American life insurance, without explanation.
2. Work visa/student visa holders (over 18 years old)
If you don’t have a green card, you can buy life insurance if you have a legal identity and a social security number if you are staying in the United States for a short period of time or studying and working in the United States for a long time.As for illegal immigrants, it is generally difficult to buy life insurance without a legal status.
3. Tourist visa
If they are foreigners, even if they do not have American status, they can also come to the United States to buy.Many insurance companies in the United States have tightened their review of foreign purchase standards in recent years, and have imposed higher requirements on property, real estate, and the connection between buyers and the United States.For overseas residents who want to have a U.S. life insurance policy, they need to step up consultation and application.
If you are fortunate enough to have a company insured, it means that no matter which country the foreigner lives in, as long as the foreigner is underwritten by the insurance company, the price of the local life cycle table in the United States will be applied. Except for welfare riders).However, if the above-mentioned visa has expired and is in the United States in the status of illegal residence, it is not possible to purchase life insurance in the United States.
Make a safe and high-quality long-term plan for your family finances. When purchasing American life insurance, our recommendations are as follows:
1. Find a professional and reliable American agent, he will choose the most reliable from a number of established insurance companies. "Listed companies" and "large assets" insurance companies are sometimes not the first conditions that policy holders need to consider. Instead, they should pay attention to the history of insurance companies and their ability to pay.
2. Communicate with the American agent in detail, and he will make a reliable, practical, suitable and reasonable plan.Different insurance brokers for the same product will design different plans, so the best advice is to communicate with customers in person to understand their needs and tailor them.
3. Communicate with the American agent in detail to achieve a clear explanation and discussion on the content, main points, and precautions of the insurance policy to avoid misunderstandings and misunderstandings.The insurance contract is a legal document, and the purchaser has the right to learn more about the content and terms of the policy before signing, especially because the policy itself will only be available in English. It is recommended that the purchaser hire a lawyer or a third-party person familiar with the English regulations to verify it.
