March 4th in Miscellaneous, Money & Finance by pbu .

Swiss Asset protection for Physicians in the US

Physicians and medical professionals in US are so vulnerable to lawsuits, relating to medical malpractice including negligence, personal injury and there are so many liabilities involved, which is why asset protection offshore is wise things to consider for your family and loved ones.

If you are famous physician earning lots of money, although everything might seem safe and sound now, the stakes are so high that one day you are more likely to face including lawsuits related to your medical profession.

Irrespective of what comes in the future, a physician should consider to safeguard welath in terms of asset protection in trust or maximizing contribution to your IRA or 401k plan, buy more insurance premiums, so that you are given maximum protection against creditors and bankruptcy proceedings.

You should also consider diversifying your assets outside US, somewhere in offshore jurisdiction.

Swiss Asset Protection

Recently, increasing number of american physicians are considering asset protection in switzerland in the form of “swiss annuity”. Why swiss annuity? The answer is simple – safety, privacy and asset protection. The good news for americans is you can also purchase a a swiss annuity and place it under IRA or 401k plan or do an exchange from your existing US annuity. According to swiss insurance law, life insurance polices including annuity contracts, when properly structured and beneficiaries named, it offers a great degree of asset protection from creditors and bankruptcy proceedings from a foreign country.

Simple and Inexpensive

Usually offshore trusts are expensive and involves a lot of complicated procedures. With swiss annuity, its simple and inexpensive. Just invest a lump sum ($50k), buy a policy from swiss insurance company, name your beneficiaries (wife or family members) and you automatically get an extra ordinary level of asset protection. It is a safe, inexpensive way of shielding your loved ones from creditors and bankruptcy proceedings.

Switzerland Insurance

Switzerland is a neutral country, and boasts of its huge insurance industry in the World. The currency of switzerland is Swiss Franc (CHF) and has traditionally been a ‘safe haven currency’. According to swiss law, insurance policies are protected from credits and bankruptcy proceedings from a foreign country, unless there is a fraudulent intention involved.

Swiss Franc Currency

Why chose swiss franc currency? There are so many people in the US who are worried about the devaluation of US dollar, which is one of the main reasons why many pick CHF – swiss franc as a currency choice for their annuity policy, ahead of USD, EUR and British Pound. Swiss Franc (CHF) has appreciated a lot in the past years and now its almost as equal to US dollar. Few years ago, the value of swiss franc was just about the value of Canadian or Australian Dollar.

How do i buy a swiss annuity?

You are free to approach insurance companies in switzerland and ask them for a policy. Please keep in mind that not all swiss insurance companies accept foreigners, including US citizens and you will be asked for a resident swiss agent, without which you will not be able to buy a annuity policy. Most swiss agents do ask for minimum investment of USD 50’000 to buy a contract. You can buy a swiss annuity through this online request or visit website for more information.

How safe are swiss insurance companies?

Let me answer that with a counter-question.

How safe are insurance companies in the US? Are they safe and sound? certainly not. The recent financial crisis, greatly threatened existence of big insurance companies in US and thousands of americans came so close in losing their life savings.

Switzerland has one of the biggest insurance sectors in the world, because of its economy, political stability and strong currency. Not one insurance company has ever defaulted or gone bankrupt or failed to meet client obligations. All swiss insurance companies are supervised by the Swiss Financial Market Supervisory Authority (FINMA) ensures failure doesnt happen.

Is it legal to purchase a swiss insurance policy in switzerland?

yes, it is perfectly legal to buy a insurance policy from switzerland. There is nothing to be afraid of, as long as your money is free from any illegal activity and provided, you pay tax to authorities in your home country. Please consult a tax expert or a lawyer in your country for any professional tax related advice.

You can buy a swiss annuity through this online request or visit website for more information.

Please Note: The information above may not be interpreted as a legal or professional advice. Please consult your tax expert or attorney, specific to your situation.

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