|
|
|
Asset Protection (Insurance Structure)
|
Asset Protection keeps valuable assets from creditors that, legitimate or otherwise, want to legally disown the Holder of these assets. Under many jurisdictions, Life Insurance is
protected against creditor attack and can as such be a great asset protection tool.
There are many unscrupulous people or bodies who have nothing to lose by suing wealthy people and a lot to gain. The Cayman Islands is one of the most sought after asset protection center. Protecting investments/assets through an insurance policy is an excellent Option. Legally, unlike banks, Insurance Companies are the beneficial owners of their assets.
It can be derived that the rules apply, “what you don’t own can’t be taken from you” and/or “the wealthy control everything and own nothing”.
|
| Posted by
Salvo Global Pte Ltd
|
|
