Premium Financing & Foreign National Life Insurance | Paradise Assured
Serving Accredited Investors Nationwide & Licensed Clients in 9 States
The most sophisticated wealth-building and estate planning strategies available today are not found in the stock market. They are found in the intelligent application of permanent life insurance — structured, financed, and deployed in ways that most financial advisors have never shown their clients.
Paradise Assured Insurance Agency offers three distinct advanced insurance planning strategies for qualifying individuals — each addressing a specific financial profile and planning objective:
The Paradise Assured Premium Financing Framework — an institutional financing strategy for accredited investors that uses bank capital to build a substantially larger tax-advantaged IUL structure than self-funding alone could achieve. Available to qualifying accredited investors in all 50 states.
Traditional Collateralized Premium Financing — an ILIT-based institutional premium financing strategy for high-net-worth individuals with significant estate planning needs. Available to qualifying clients in all 9 states Paradise Assured Insurance Agency is licensed in.
Foreign National Life Insurance Planning — US-based permanent life insurance strategies for non-resident aliens with US-based assets facing significant US estate tax exposure. Available to qualifying foreign nationals in all 9 states Paradise Assured Insurance Agency is licensed in.
All three strategies involve sophisticated insurance and financial planning concepts. Paradise Assured Insurance Agency recommends that all prospective clients consult with a qualified attorney and tax advisor before implementing any premium financing or advanced insurance planning strategy.
Andrew M. Lax and the Paradise Assured team work with multiple carriers and institutional lenders to design strategies appropriate to each client's specific financial profile, planning objectives, and risk tolerance. All consultations are available by phone or virtually at your convenience.
The Paradise Assured Premium Financing Framework — For Accredited Investors
Andrew M. Lax of Paradise Assured Insurance Agency recently appeared on Moving America Forward — hosted by renowned retirement income expert and author Tom Hegna — to introduce the Paradise Assured Premium Financing Framework to accredited investors across the country.
The Paradise Assured Premium Financing Framework is an institutional financing strategy that allows qualifying accredited investors to use bank capital to build a substantially larger Indexed Universal Life insurance structure than self-funding alone could achieve — without disrupting a single dollar of their existing investment portfolio.
THE CORE CONCEPT — LEVERAGE WITHOUT PERSONAL COLLATERAL
For every dollar a qualifying investor contributes the Framework deploys up to 5.5 times that amount in institutional bank capital — creating a substantially larger tax-advantaged permanent life insurance structure than the investor could build independently.
The financing entity acts as the borrower — the client never provides a personal guarantee or personal collateral. This is one of the most significant structural advantages of the Framework — separating the client from the financing obligation while preserving all the benefits of the insurance structure.
THE ARBITRAGE THESIS
The Framework is built on a single foundational principle — the IUL policy's average annual credited return must exceed the cost of the institutional loan over time. This is the positive spread arbitrage.
The IUL policy earns index-linked credits — tied to the performance of a chosen market index such as the S&P 500 — with a floor of zero, meaning the policy never loses value in a down market. The loan interest is typically tied to SOFR — the Secured Overnight Financing Rate — plus a lender spread. When the policy's average credited return exceeds the loan cost over the financing horizon the client benefits from the difference.
HOW THE FRAMEWORK WORKS
The client commits a minimum of $20,000 per year for 5 years — a contribution that must be durable and not a financial stretch. The institutional financing partner deploys bank capital alongside the client's contributions — funding a significantly larger IUL policy than self-funding alone.
Over the financing horizon — typically 12 to 18 years — the IUL policy's accumulating cash value grows to a point where it can retire the outstanding loan balance. Once the loan is retired the client owns a fully paid permanent life insurance policy with no liens, no loans, and no obligations — a substantial tax-advantaged asset built with significant bank leverage.
THE BENEFITS
Tax-advantaged accumulation — IUL cash value grows tax-deferred inside the policy. Policy loans distribute income tax-free under current IRS guidelines — providing a source of tax-free retirement income with no Required Minimum Distributions — ever.
Market participation without market loss — The IUL floor of zero means the policy never loses credited value in a down market. Gains are locked in annually and cannot be reversed by subsequent market downturns.
Tax-free death benefit — The policy death benefit passes to named beneficiaries income tax-free — net of any outstanding loan balance at time of death.
No portfolio disruption — The client's existing investment portfolio, business interests, and real estate assets remain completely untouched. The Framework is additive — not a replacement for existing assets.
WHO QUALIFIES FOR THE FRAMEWORK
The Paradise Assured Premium Financing Framework is available to qualifying accredited investors who meet ALL of the following:
Accredited Investor status — individual income of $200,000 or more, joint income of $300,000 or more, or investable net worth of $1,000,000 or more, excluding primary residence.
Minimum contribution commitment — $20,000 per year for 5 years. This commitment must be durable — not a financial stretch. There is no maximum contribution limit.
Insurability — a permanent life insurance policy is at the core of this structure. Medical underwriting is required.
Long-term perspective — the Framework is a 12 to 18-year strategy. Clients must have a planning horizon consistent with this timeline.
THE FRAMEWORK IS AVAILABLE NATIONWIDE — ALL 50 STATES.
For accredited investors who want a complete presentation of the Paradise Assured Premium Financing Framework visit:
Paradise Assured Insurance Agency charges no direct fee for Framework consultations. Our compensation is provided by the insurance carrier upon the successful placement of a policy and payment of the premium. The Framework involves loan obligations and insurance underwriting. All guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Interest rates on institutional loans are variable and subject to change. Clients should consult with a qualified attorney and tax advisor before implementing any premium financing strategy. Premium financing is not a means of obtaining free life insurance.
Traditional Collateralized Premium Financing — For High Net Worth Individuals
For high-net-worth individuals with significant estate planning needs and a temporary liquidity consideration, traditional collateralized premium financing offers a powerful alternative to liquidating assets or diverting cash flow to pay life insurance premiums.
Traditional premium financing is a method of paying for permanent life insurance using annual loans from a third-party institutional lender, such as a bank — allowing the acquisition of needed life insurance coverage with an initial out-of-pocket cost significantly lower than the full annual premium amount.
WHAT TRADITIONAL PREMIUM FINANCING IS — AND IS NOT
Traditional premium financing is not a means of obtaining free life insurance. While the initial out-of-pocket cost is significantly lower than paying full premiums directly, the interest owed to the lending institution is a real cost that adds to the overall expense of acquiring coverage. Arrangements that appear to be no cost or low cost typically involve costs and risks that may not be immediately apparent.
Traditional premium financing is an economical strategy for high net worth individuals who genuinely need large permanent life insurance coverage for estate planning purposes and who have the assets and income to qualify — but who prefer not to divert capital from existing investments, business interests, or real estate holdings to pay premiums directly.
HOW TRADITIONAL PREMIUM FINANCING IS STRUCTURED
An Irrevocable Life Insurance Trust — ILIT — is established to own the life insurance policy. The ILIT applies for the policy and acts as the borrower on the premium financing loan. The grantor makes annual gifts to the ILIT — at a minimum sufficient to pay the annual loan interest due.
The third-party lender advances funds to pay each year's premium as it comes due. The ILIT trustee pledges the policy as collateral for the loan — with the policy cash value and death benefit assigned to the lender as primary collateral.
The loan interest rate is typically based on a publicly available standard rate — such as SOFR or the Prime Rate — plus a lender-determined spread that remains fixed for the life of the loan, barring renegotiation.
COLLATERAL REQUIREMENTS
Third-party lenders require premium financing transactions to be 100% collateralized at all times. The policy cash value serves as primary collateral. In the early years of a policy — before substantial cash value has accumulated — additional collateral is typically required, including cash, marketable securities, or letters of credit pledged by the trust or the grantor.
As the policy cash value grows over time, collateral requirements may be satisfied increasingly by the policy itself — reducing or eliminating the need for external collateral in later years.
THE THREE LOAN REPAYMENT STRATEGIES
At death — the policy death benefit repays the outstanding loan balance, with the remainder passing to beneficiaries. This is the most common structure for pure estate planning cases where income replacement is the primary objective.
Cash value exit — for high net worth individuals age 60 and younger, the policy is designed and funded so that accumulated cash values can repay the institutional loan at a predetermined date — leaving the client with a fully paid permanent policy and no outstanding loan obligation.
Out-of-pocket repayment — the high net worth individual repays the loan from other assets — particularly suitable when a large liquidity event is anticipated, such as a business sale, inheritance, or contractual payment.
THE PRODUCTS — IUL AND DIVIDEND PAYING WHOLE LIFE
Paradise Assured Insurance Agency works with both Indexed Universal Life — IUL — and Dividend Paying Whole Life for traditional collateralized premium financing strategies, depending on the client's planning objectives and lender requirements.
IUL provides index-linked growth potential with a floor of zero — appealing to clients who want participation in market upside without downside exposure. IUL offers premium flexibility and transparent cost of insurance charges.
Dividend Paying Whole Life provides guaranteed cash value growth and a stable dividend history — characteristics that lenders find particularly attractive as collateral, given the predictable and contractually guaranteed nature of whole life cash value accumulation.
In some cases, a combination of both products may be appropriate — using whole life for collateral stability and IUL for growth potential within the same overall financing structure.
THE RISKS — TRANSPARENCY IS ESSENTIAL
Traditional collateralized premium financing involves a number of real risks that must be fully understood before implementation:
Rising interest rates — in an increasing rate environment, the cost of borrowing will be larger than originally projected — potentially affecting the strategy's economics.
Collateral calls — if asset values decline, additional collateral may be required. If additional collateral is unavailable, further credit may not be extended, and the loan may be called.
Reduced borrowing capacity — the financing arrangement reduces the client's available borrowing capacity for other opportunities.
Policy performance — since dividends and index credits are not guaranteed, the strategy must be stress-tested at conservative crediting assumptions. Paradise Assured Insurance Agency presents sensitivity analyses at conservative crediting scenarios before any strategy is implemented.
Overall cost — in the long run, the overall costs of premium financing will be higher than paying premiums out of pocket. This strategy makes sense for clients who need the coverage and value the leverage — not for those seeking to minimize the total cost of insurance.
WHO QUALIFIES FOR TRADITIONAL PREMIUM FINANCING
Traditional collateralized premium financing is appropriate for high-net-worth individuals who:
Have a net worth of $10,000,000 or more.
Have a genuine estate planning need — significant potential estate tax liability that creates a need for large permanent life insurance coverage.
Have the assets and income sufficient to pay premiums WITHOUT the financing — lenders require this as a qualification standard.
Have a long-term planning perspective consistent with the multi-decade nature of the strategy.
Are willing to engage qualified legal and tax counsel to properly structure the ILIT and overall estate plan.
Paradise Assured Insurance Agency recommends that all prospective premium financing clients consult with a qualified attorney and tax advisor before implementing any traditional premium financing strategy. Lender approval is subject to the lender's own financial underwriting criteria, independent of insurance underwriting. All guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
Foreign National Life Insurance Planning — For Non-Resident Aliens With US Assets
If you are a foreign national with significant assets in the United States — real estate, business interests, stocks of US corporations, or tangible personal property — you face a US estate tax exposure that most foreign nationals do not discover until it is too late to plan around it.
THE NON-RESIDENT ALIEN ESTATE TAX PROBLEM
Non-resident aliens — NRAs — are citizens of foreign countries who temporarily live in or travel to the United States without intending to make it a permanent residence.
While US citizens enjoy a federal estate tax exemption of $13,990,000 in 2025 — increasing to $15,000,000 in 2026 and now made permanent under federal law with annual inflation adjustments — the estate tax exemption available to a non-resident alien is limited to just $60,000 of US-based assets. This exemption is not indexed for inflation.
This disparity is now permanent. Federal legislation enacted in 2025 made the elevated US citizen exemption permanent and indexed for inflation — meaning the gap between what a US citizen can pass to heirs estate tax-free and what a non-resident alien can pass will continue to grow larger every year. For foreign nationals with US assets, the urgency of planning has never been greater.
The US federal estate tax rate on assets above this exemption is 40%. This means that a non-resident alien with $5,000,000 in US real estate could face an estate tax liability approaching $2,000,000 — nearly 40% of the value of their US assets — due within 9 months of their death.
WHAT US ASSETS ARE SUBJECT TO ESTATE TAX FOR NRAs
The following types of US-based assets are generally subject to US estate tax for non-resident aliens:
Real estate situated in the US
Stocks of US corporations
US bank deposits for trade or business
Tangible personal property in the US — artwork, antiques, jewelry, and similar assets
Retained or beneficial interest in a trust, including foreign trusts
THE MARITAL DEDUCTION LIMITATION
For US citizens, the unlimited marital deduction allows assets to pass to a surviving spouse estate tax-free.
For non-resident aliens, this marital deduction is NOT availableunless the surviving spouse is a US citizen or the assets are transferred through a Qualified Domestic Trust — QDOT. This creates an additional estate planning challenge for NRA couples where neither spouse is a US citizen.
A HYPOTHETICAL CASE STUDY — THE COST OF NOT PLANNING
Consider a foreign national — a successful real estate developer and Hong Kong citizen — who frequently travels to Miami for business. He owns a home in Miami and several vacation rental properties with a combined current value of $3,000,000.
At a conservative 3% annual growth rate, those properties could be worth nearly $9,800,000 at his death 40 years from now.
With only a $60,000 exemption, the taxable estate would be approximately $9,740,000. At 40%, the estimated estate tax due would be approximately $3,890,000 — leaving his family with less than $6,000,000 of the nearly $9,800,000 in property value he spent a lifetime building.
His family would have 9 months to pay the estate tax due — potentially forcing a distressed sale of US real estate at exactly the wrong time to raise liquidity.
THE US LIFE INSURANCE SOLUTION FOR NON-RESIDENT ALIENS
This is where US-based permanent life insurance becomes one of the most powerful planning tools available to foreign nationals with US assets.
Life insurance issued by a US-based life insurance company on the life of a non-resident alien is generally classified as an intangible asset. As such it is generally excluded from the NRA's gross estate for US estate tax purposes. The death benefit proceeds are generally free of both US federal income tax under IRC Section 101 and US estate tax to the beneficiary.
This means a non-resident alien can own a US life insurance policy on their own life, and the death benefit paid to their beneficiaries is generally received free of US income tax and estate tax.
The death benefit can be used to provide liquidity to pay any US estate taxes due on the NRA's tangible US assets — allowing the family to preserve the US real estate or other assets without a forced sale.
Additionally, a permanent life insurance policy with significant cash value can provide the NRA with a source of tax-free supplementalretirement income through policy loans — serving a dual purpose of estate planning and retirement income.
A US-based insurance carrier may also offer superior financial strength and stability compared to insurers available in the NRA's home country — providing an additional layer of security for the policy and its guarantees.
WHO QUALIFIES AS A FOREIGN NATIONAL FOR US LIFE INSURANCE
Not every foreign national qualifies for US life insurance. Carriers require a meaningful connection to the United States that justifies the issuance of a US-based policy. Qualifying connections typically include one or more of the following:
Ownership of US real estate
Ownership of a US business
Employment by or ownership of a US-domiciled company
US tax liability
Immediate family members residing in the United States
Regular travel to the United States — typically a minimum of 15 days per year
A US bank account with a qualifying minimum balance
Document requirements vary by carrier but generally include a valid passport, a valid visa or green card, a valid US Social Security Number or W-8 BEN form, a foreign national questionnaire, and confirmation of a US bank account.
COVERAGE AVAILABLE FOR FOREIGN NATIONALS
Paradise Assured Insurance Agency works with multiple highly-rated US carriers that offer life insurance to qualifying foreign nationals — providing access to a range of coverage options:
Minimum death benefit coverage from $250,000 to $1,000,000, depending on the carrier
Maximum coverage capacity up to $40,000,000, depending on carrier and country classification
Issue ages typically range from 18 to 75 for most countries
Country classifications — carriers categorize countries as A, B, or C — affecting available coverage, underwriting requirements, and maximum benefit levels.
Translation services — some carriers reimburse translation costs on issued policies
The appropriate carrier for each foreign national case depends on the client's country of citizenship, US connection type, net worth, desired coverage amount, age, and health profile. Paradise Assured Insurance Agency shops multiple carriers to find the most appropriate and competitive solution for each qualifying client.
IMPORTANT PLANNING NOTE
Planning for non-resident aliens involves complex interactions between US tax law, the laws of the NRA's home country, and any applicable tax treaties between the US and the NRA's country of citizenship. NRAs may face both US and foreign estate taxes on their US-based assets simultaneously.
Paradise Assured Insurance Agency strongly recommends that all non-resident alien clients consult with a qualified US attorney and tax advisor — and where appropriate an attorney in their home country — before implementing any foreign national life insurance or estate planning strategy.
Life insurance death benefit proceeds are generally free of federal income tax under IRC Section 101 and generally excluded from the NRA's US gross estate when the NRA owns the policy on their own life. Actual tax treatment depends on individual circumstances and should be confirmed with a qualified tax advisor.
Our Complete Advanced Insurance Planning Services
Paradise Assured Insurance Agency offers a comprehensive range of advanced insurance planning services for qualifying individuals:
Paradise Assured Premium Financing Framework — Available to accredited investors in all 50 states. We introduce qualifying accredited investors to the Framework — an institutional financing strategy that uses bank capital to build a substantially larger IUL structure than self-funding alone could achieve. Visit paradiseassured.com/framework for a complete presentation.
Traditional Collateralized Premium Financing — Available in all 9 licensed states. We design traditional ILIT-based institutional premium financing strategies for high net worth individuals with significant estate planning needs — working with multiple carriers and institutional lenders to find the most appropriate structure for each qualifying client.
IUL for Premium Financing — We design Indexed Universal Life policies specifically structured for premium financing — with minimum face amounts to reduce cost of insurance drag, maximum funding to the MEC limit, preferred loan provisions, and stress-tested illustrations at conservative crediting assumptions.
Dividend Paying Whole Life for Premium Financing — We design Dividend Paying Whole Life strategies for clients and lenders who prefer the guaranteed cash value accumulation and dividend stability of whole life as the foundation of a premium financing structure.
Foreign National Life Insurance Planning — We work with multiple highly-rated US carriers to provide life insurance solutions for qualifying non-resident aliens with US-based assets — addressing US estate tax exposure and providing a source of tax-free retirement income for foreign national clients.
IUL for Foreign Nationals — We design IUL strategies for qualifying foreign national clients that serve a dual purpose — providing estate tax liquidity for US assets while building a source of tax-free supplemental retirement income through policy cash value.
All advanced insurance planning consultations from Paradise Assured Insurance Agency are provided at no direct fee. Our compensation is provided by the insurance carrier upon the successful placement of a policy and payment of the premium. All strategies involve sophisticated planning concepts and require consultation with qualified legal and tax advisors. All guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
Advanced Insurance Planning — Coverage & Availability
PARADISE ASSURED PREMIUM FINANCING FRAMEWORK
The Paradise Assured Premium Financing Framework is available to qualifying accredited investors in all 50 states nationwide. State of residence does not limit eligibility for the Framework. Visit paradiseassured.com/framework for a complete presentation.
TRADITIONAL PREMIUM FINANCING AND FOREIGN NATIONAL PLANNING
Traditional Collateralized Premium Financing and Foreign National Life Insurance Planning are available to qualifying clients in all 9 states. Paradise Assured Insurance Agency is licensed in:
New York — Serving New York City, Buffalo, Rochester, Yonkers, Syracuse, Albany, White Plains, Long Island, Westchester County, Hudson Valley, and all of New York State.
Florida — Serving Miami, Orlando, Tampa, Jacksonville, Fort Lauderdale, Boca Raton, West Palm Beach, Naples, Sarasota, Fort Myers, and all of Florida.
New Jersey — Serving Newark, Jersey City, Paterson, Elizabeth, Edison, Toms River, Trenton, Cherry Hill, and all of New Jersey.
Connecticut — Serving Bridgeport, New Haven, Hartford, Stamford, Waterbury, Norwalk, Danbury, Greenwich, and all of Connecticut.
Arizona — Serving Phoenix, Tucson, Mesa, Chandler, Scottsdale, Glendale, Gilbert, Tempe, Sun City, and all of Arizona.
Tennessee — Serving Nashville, Memphis, Knoxville, Chattanooga, Clarksville, Murfreesboro, Franklin, and all of Tennessee.
Indiana — Serving Indianapolis, Fort Wayne, Evansville, South Bend, Carmel, Fishers, Bloomington, and all of Indiana.
Delaware — Serving Wilmington, Dover, Newark, Middletown, Smyrna, and all of Delaware.
West Virginia — Serving Charleston, Huntington, Morgantown, Parkersburg, Wheeling, and all of West Virginia.
All consultations are available by phone or virtually at your convenience. No office visit is required.
Frequently Asked Questions — Premium Financing & Foreign National Planning
Q: What is the difference between the Paradise Assured Premium Financing Framework and traditional collateralized premium financing?
A: The Paradise Assured Premium Financing Framework is designed for accredited investors — those with $200,000 or more in individual income, $300,000 or more in joint income, or $1,000,000 or more in investable net worth. It uses an institutional financing structure where the financing entity acts as the borrower — the client never provides personal collateral or a personal guarantee. The minimum commitment is $20,000 per year for 5 years, and the strategy uses Indexed Universal Life. It is available nationwide in all 50 states.
Traditional collateralized premium financing is designed for high-net-worth individuals with $10,000,000 or more in net worth and a significant estate planning need. It uses an ILIT structure where the trust is the borrower and the policy cash value and death benefit serve as primary collateral — with additional collateral potentially required in early years. It is available in the 9 states in which Paradise Assured Insurance Agency is licensed.
Q: Is premium financing a way to get free life insurance?
A: No — and this point requires absolute clarity. Premium financing is not a means of obtaining free life insurance. While the initial out-of-pocket cost is significantly lower than paying full premiums directly, the interest owed to the lending institution is a real cost that adds to the overall expense of acquiring coverage. The strategy makes sense for clients who genuinely need large permanent life insurance coverage for estate planning or wealth building purposes and who value the leverage, not for those seeking to minimize the total cost of insurance. Arrangements that appear to be no cost or low cost typically involve costs and risks that may not be immediately apparent.
Q: What happens if interest rates rise significantly during the financing period?
A: Rising interest rates are one of the most important risks to understand in any premium financing strategy. In the Paradise Assured Premium Financing Framework, the loan rate is typically tied to SOFR plus a lender spread. If SOFR rises significantly, the cost of the loan increases — potentially narrowing or eliminating the positive spread arbitrage between the loan cost and the IUL credited return. Paradise Assured Insurance Agency stress-tests all Framework illustrations at conservative crediting assumptions and rising rate scenarios before any strategy is implemented. For traditional premium financing, the same interest rate risk applies, and clients must be prepared for the possibility of higher annual interest costs than originally projected.
Q: What does it mean that the IUL has a floor of zero?
A: In an Indexed Universal Life policy, the cash value earns interest credits linked to the performance of a chosen market index — such as the S&P 500. The floor of zero means that in any policy year where the index performs negatively, the policy receives zero interest credit for that year — not a negative return. Your accumulated cash value does not decrease due to market performance. Credits previously earned are locked in and cannot be reversed by subsequent market downturns. This floor is one of the most important features of IUL for premium financing — it limits the downside scenario where both the market performs poorly and the loan cost is high simultaneously.
Q: Why is the US estate tax exemption so much lower for foreign nationals than for US citizens?
A: US citizens and permanent residents enjoy a federal estate tax exemption of more than $13,000,000 — meaning their first $13 million or more in assets passes to heirs estate tax-free. Non-resident aliens receive only a $60,000 exemption on their US-based assets — not indexed for inflation — with a unified credit of only $13,000 against any estate tax due. This disparity means that a foreign national with as little as $60,001 in US real estate or other tangible US assets faces potential US estate tax exposure — at a rate of up to 40%. This is one of the most significant and underappreciated tax planning challenges facing foreign nationals with US assets today.
Federal legislation enacted in 2025 made the elevated US citizen exemption permanent and indexed for inflation going forward — meaning this disparity will only grow larger over time. For foreign nationals with US assets, the urgency of planning has never been greater.
Q: How does US life insurance help a foreign national with US estate tax exposure?
A: Life insurance issued by a US-based insurance company on the life of a non-resident alien is generally classified as an intangible asset — and is generally excluded from the NRA's gross estate for US estate tax purposes. The death benefit is generally received by beneficiaries free of both US federal income tax under IRC Section 101 and US estate tax. This means the death benefit can provide liquidity to pay US estate taxes on the NRA's tangible US assets — allowing the family to preserve real estate, business interests, and other US assets without a forced sale. A foreign national with $5,000,000 in US real estate facing a potential $2,000,000 estate tax liability can use a US life insurance policy to provide that liquidity — passing significantly more wealth to their heirs than would be possible without the planning.
Q: Does a foreign national need to be a US resident to purchase US life insurance?
A: No — permanent US residency is not required. However, carriers do require a meaningful connection to the United States. Qualifying connections typically include ownership of US real estate, ownership of a US business, employment by a US company, US tax liability, immediate family members in the US, regular travel to the US — typically a minimum of 15 days per year — or a US bank account with a qualifying minimum balance. Document requirements include a valid passport, visa, or national ID, a valid US Social Security Number or W-8 BEN form, and a foreign national questionnaire. Paradise Assured Insurance Agency works with multiple carriers — each with their own specific eligibility requirements — to find the most appropriate solution for each qualifying foreign national client.
Q: Can premium financing be combined with foreign national life insurance planning?
A: This is an advanced planning concept that may be appropriate for certain qualifying high-net-worth foreign nationals with significant US asset exposure and a need for large permanent life insurance coverage. The feasibility depends on the specific client's financial profile, country of citizenship, US connection, insurability, and lender eligibility. Paradise Assured Insurance Agency recommends consulting with a qualified US attorney and tax advisor to evaluate whether a combined premium financing and foreign national life insurance strategy is appropriate for a specific client situation.
Ready to Explore Advanced Insurance Planning Strategies?
The strategies described on this page are among the most sophisticated and powerful insurance-based planning tools available today. They are not appropriate for everyone — but for qualifying accredited investors, high net worth individuals with significant estate planning needs, and foreign nationals with US asset exposure, they represent opportunities that most financial advisors have never presented to their clients.
Andrew M. Lax and the Paradise Assured team bring deep expertise in premium financing strategy, institutional financing structures, and foreign national life insurance planning — combined with access to multiple highly-rated US carriers and institutional lending partners.
The first step is a conversation. No obligation. No pressure. Just a clear and honest discussion about whether any of these strategies belong in your financial plan.
For accredited investors interested in the Paradise Assured Premium Financing Framework — visit paradiseassured.com/framework for a complete presentation before scheduling a consultation.
Paradise Assured Insurance Agency charges no direct fee for advanced insurance planning consultations. Our compensation is provided by the insurance carrier upon the successful placement of a policy and payment of the premium. All strategies involve sophisticated planning concepts and loan obligations. All guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Premium financing is not a means of obtaining free life insurance. Paradise Assured Insurance Agency strongly recommends that all prospective clients consult with a qualified attorney and tax advisor before implementing any strategy described on this page.
Curious about how Paradise Assured works with clients? Visit our Process page to learn more about our discovery and planning approach.