Who we are

The affluent individual, in general, has many unique exposures that come with their lifestyle. Becoming an expert in this area requires knowledge of their way of life and experience in asking the right questions to ensure proper coverage. Annual risk assessments are imperative and set the stage to find answers to questions about net worth, assets, collections and perhaps the purchase of a summer cottage.

High Net Worth Foreign National

High net worth individuals and families exist all over the world. In today's global economy, we have clients with friends or relatives living abroad who are looking to buy life insurance from U.S. based companies. Whether for business planning, wealth transfer, legacy planning, wealth accumulation or family protection, many foreign nationals are motivated by having monies outside their country of residence. They desire the stability of US dollar denominated coverage, asset diversification and protection against any governmental changes or mandates that can negatively impact personal income and net worth. In addition, US based insurance coverage provides recognizable carrier brand names, more product choices and options, better pricing, underwriting capacity to handle the largest cases, and US dollar liquidity via policy withdrawals or payment at time of death. Global wealth increased by $21.9 trillion in 2013 according to the 2104 Global Wealth Report from Credit Suisse, an 8.3 percent gain over the previous year. This marks the first time that global wealth has exceeded $250 trillion. The report projects that by the year 2020 global wealth may reach $369 trillion.

How Big is the Market?

The Foreign National market is large and undeserved. For example: Foreign born residents of the U.S. now represent in 13% of the U.S. population — about 40 million people. Wealth in the Asia-Pacific region surpassed that of North America three years ago, and the margin is increasing. There are more high-net-worth and ultra-high-net-worth clients from this region as compared to North America. Further, Asia has many more millionaires. Foreign investment in the U.S. is growing. Overseas investors account for over 20% of investments in U.S. stocks and 43% of investments in our debt. In excess of $100 billion of U.S. residential real estate is purchased yearly by Foreign Nationals living outside of the U.S. More than 10 percent of foreign buyers paid $1 million and over for their property compared to less than three percent in this price range among all U.S. existing single-family home buyers, according to the National Association of Realtors.