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Q. Why do non US Citizens want or need a life insurance policy from the United States?
A. (1) American Mortality Tables are used with the resultant lower premiums. (2)The financial stability and transparency of American financial institutions is well known throughout the world and NALICO International only uses companies rated A by Standard and Poor and A.M. Best. (3) All policies pay high current interest with built in guarantees. (4) Polices used are best of breed with the latest US designs not the often outdated and high priced policies issued in other countries. (5) Most policies in use outside of the USA have a limited life, often ending at age 70 or 75. Life insurance is often needed far beyond those ages and the US companies poliices normally end at age 110.
Q. Is this considered Money Laundering?
A. No. All funds received by the insurance company must be vetted as to origin and the applicant must submit to an inspection interview report in most instances. Money laundering is the converting of illegal funds to “clean” money. We do not accept any funds that cannot be clearly identified as to source. For more information, view our Money Laundering Policy Statement.
Q: How safe are these products?
A. The products are supported by the governance of the United States regulatory authorities. We only use companies that have the highest ratings and are strongly and conservatively managed.
Q: Why should I buy these products?
A. The products sold by NALICO International are intended for high net worth individuals who require quality insurance products that are safe and virtually risk free.
Q: Who guarantees their performance?
A. The performance of these products is backed by the considerable assets of the insurance companies we use. In the case of the equity linked products the guarantees are stated in the policies.
Q: Are any of these products being investigated by the US government?
A. Not to our knowledge.
Q: Can I buy these products directly from NALICO?
A. Yes.
Q: How do I register to sell these products?
A. Contact NALICO through email, telephone or mail. You will be asked to submit your qualifications, affirm your identity and sign a non-disclosure form. You will also interviewed by an independent inspection company.
Q: If I become an agent under NALICO, who pays my commissions?
A. All commissions are paid directly to your account by the insurance company and your commissions are vested day one..
Q. Is what you do Legal?
A. The insurance polices provided by NALICO International, Inc. are legal contracts underwritten by a company within the borders of the United States and are subject to both U.S. Federal Law and the law of the state in which the company is licensed. The laws of each country where the policies are sold differ from each other. In some countries it is legal to sell off-shore financial products and in others it is not. You must determine the legality and risks for yourself. However, to our knowledge, we have not found any country that prohibits its citizens from owning an off-shore insurance product. Indonesia as an example prohibits the sale of off-shore life insurance but does not prohibit its citizens from owning such a product. In this example the agent would take his client to Singapore for the signing of the documents and the medical examination. He should also deliver the policy to the client in the same manner.
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