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Why should a policy be owned by a foreign trust, foreign partnership, or foreign limited liability company?

April 26, 2017foreign limited liability company partnership policy Trust

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Why should a policy be owned by a foreign trust, foreign partnership, or foreign limited liability company?

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If the policy is owned by a foreign trust, foreign partnership, or foreign limited liability company, the cash value will have much greater protection from the claims of domestic creditors of the policy owner.