How To Protect Your Assets Under Swiss Jurisdiction

Article Written By: andrechris

Switzerland has always remained the first choice for investments from around the world. The country plays a key role in the overall investment plans of a large number of people. The money and assets that you save throughout your lifetime are something that you want to protect from bankruptcy proceedings and baseless claims from creditors.

There may be other reasons as well for which you want to provide protection for your assets by trusting them under Swiss Law. This can include political or economical unsteadiness in your country.

Swiss insurance policies offer valuable asset protection tools, but their merits are often overlooked when compared to investing in a trust. The advantages offered are based on the insurance laws of Switzerland that make them much better substitutes compared to the complicated, expensive, and limitedly secured structures for asset protection like trusts.

This feature is suited for foreign investors from around the world, wealthy families, or individuals who are seeking to protect their assets from unjustified lawsuits and baseless claims. Swiss life insurance and annuities are ideal investment forms that offer tax-free advantages over income, gains, and dividends.

With fixed products, the principal and a fixed return is guaranteed by the life insurance firm. Variable products on the other hand offer the eventual value of the policy based on the underlying investments that the policy holder can choose.

The underlying investments can consist of a number of investment tools like stocks, bonds, and funds. In special products they may also consist of assets like unrevealed real estate and private company shares. Usually, the policies can be customized in every possible way to suit the requirements of the investor.

Before you consider protecting your assets through Swiss life insurance, you should become familiar with the contract, which consists of four parties.

The first party is the insurer, which is the insurance firm that issues the policy. It offers coverage against lump-sum and/or regular payments.

The second party is the policyholder who enters into the contract with the insurer. The coverage could be received for the policyholder or other beneficiaries. A policyholder can either be a natural person, a company, trust, or a foundation. It is the policyholder who has to pay the insurance premiums against the coverage offered by the insurer.

The third party is the insured person whose life is covered by the insurer. The insured person may or may not be the policyholder. However, the insured person is required to be a natural person.

The fourth party is the beneficiary or beneficiaries that are the individuals who are nominated by the policyholder to get the declared benefits from the insurer either on a declared date or on the death of the insured person. Beneficiaries can be a trust or a legal entity, in addition to being a natural person.

These investment options are effective in protecting your assets because these tools are not bound by any foreign law. Hence, you can always consider protecting your life savings by investing them into Swiss asset protection structures.

About the Author

You can gather more information about Swiss Annuities and Asset Protection by visiting gonthiergroup.com

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This Article Has Been Published on Thu, 28 Jul 2011 and Read 191 Times

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