Variable Universal Life Insurance Policies
Aimed at providing cost-effective custom global investment flexibility, a variable death benefit that is tax-free in most jurisdictions and legitimate asset protection for the policy owner and beneficiaries.
Variable Annuity Policies
Designed as a retirement planning solution, variable annuities can provide immediate or deferred payments as desired by the policy owner. Like variable life insurance, variable annuities provide cost-effective custom global investment flexibility and legitimate asset protection for the policy owner and beneficiaries.
When considering estate planning options, a policy will provide an efficient means of transferring assets to successive generations and it may also have the added advantage of mitigating estate or inheritance taxes. Furthermore, it may be possible in specific circumstances to include policy provisions that allow lifetime access to the policy assets.
In the context of wealth management and capital preservation, the variable nature of a policy will allow for a return based on the performance of the policy’s Separate Account rather than a combined rate achieved by the insurance company. The client will have the opportunity to select a preferred investment manager or choose ‘Insurance Dedicated Fund’ investments.
Our existing clients have used policies to accomplish a broad range of objectives and these have included clients wishing to participate in international investment opportunities, clients seeking efficient immigration and emigration plans, clients seeking to make provisions for family members in third countries and clients with estate planning structures such as trusts and similar arrangements.
For corporate clients, custom Lighthouse variable life insurance policies have been used for key-man insurance and variable annuities for ‘non-qualified’ executive compensation.
In addition to standard form variable universal life and variable annuities, Lighthouse provides a broad spectrum of policies custom designed for the individual circumstances of a client and this might include multiple lives policies.