U.S. Compliance
If
you are a U.S. citizen, you have the unique responsibility
of reporting worldwide income to the IRS. Failure
to do so may result in financial as well as criminal
penalties and the disqualification of the tax benefit
of any international structures. Such a disqualification
could lead to the loss of the tax advantages in any
insurance policy. In addition, the insurance policy
themselves must be structured and managed according
to a variety of Internal Revenue Code sections to qualify
for those tax advantages.
For
that reason, Fidelity Insurance Company (Fidelity) was
formed to cater to the needs of successful U.S. taxpayers
seeking to hold substantial assets in U.S. Treasury
Department and Internal Revenue Code compliant international
insurance structures offering tax reduction, asset protection
and flexibility through a wide range of investment
options.
Fidelity
policies are reviewed annually by an international law
firm to ensure that all policies adhere strictly to
all applicable Internal Revenue Code sections, modifications
to the code, and Internal Revenue Service rulings.
The
investment portions of all policies are also managed
to comply with Internal Revenue Code, Section 817(h)
diversification requirements. All variable insurance
contracts must comply with these requirements in order
to receive favorable tax treatment. All Fidelity policies
are audited to ensure that they remain diversified and
compliant.
Fidelity
offers policyholders a wide range of investment options
that are well suited to individual financial goals with
respect to risk tolerance and investment time horizons.
These options provide Fidelity clients access to some
of the world's top investment managers. Specific
investments decisions are made by the investment manager,
which ensures compliance with Internal Revenue Code
provisions that forbid excessive investor control.
At
the end of the day, clients can rest assured that their
hard earned assets are in structures meticulously designed
and managed to ensure compliance with all U.S. Treasury
Department and IRS regulations.
To find out more please
contact us:
Email: clientserv@fidinsco.com
The Law Building
PO Box 14, The Valley
Anguilla, British West Indies
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