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
Phone:
264- 497-0484
Fax:
264- 497-5753
|
