You hold, own and control the policy, and appoint beneficiaries, either as a natural or legal person (corporation, foundation or trust). Initiate repurchases or make disbursements and policy changes fast.
By definition, this must be a natural person. As the client, you can appoint several insured persons under a single policy, apart from yourself.
In the event of your death, payment is made to your nominated beneficiary. This can be either a natural or legal person(s).
Grant your lawyer, trustee or any other natural person the ability to make policy changes by nominating them as arbiter.
Meets local tax regulations in most jurisdictions.
No taxation on all capital income during lifetime of policyholder.
Retain total control and access to your assets – make changes fast.
Achieve true transfer of wealth to life insurance – with assets held by insurance company, with no disclosure of beneficial ownership.