Offshore bonds can provide an avenue for life assurance

An offshore portfolio investment bond can be used for tax, estate and probate planning purposes in many countries. Most countries' tax systems provide beneficial tax treatment for life insurance policies issued by their resident insurance companies and many extend this treatment to a greater or lesser extent to policies issued by non-resident insurers, although fully comparable treatment is usually afforded only if the offshore insurer has some form of registered presence in the country. A portfolio investment bond can be in the form of a single premium whole of life insurance policy iss...