Why cant we do business with those Swiss insurance companies already in Canada?
You can, but they do not sell the same type of Swiss annuities that we recommend. Also, they must operate under the Canadian rules and report to the tax department, government agencies etc. The investor would lose all the Swiss advantages such as confidentiality, seizure-proofing, no-tax reporting etc. • Most American financial institutions protect their investors with FDIC (Federal Deposit Insurance Corporation) insurance. Are Swiss annuities covered by the same type of insurance? No. That type of insurance is not necessary. Swiss annuities are provided only by Swiss life insurance companies, which are effectively regulated by The Swiss Federal Bureau of Private Insurance. As a result, there has never been a default or failure of any Swiss life insurance company for over 140 years! Compare this with the FDIC which protects investors from losses only under $100,000, who have funds invested with banks, trust companies, savings and loan companies and mortgage companies. Since October 1st
