An annuity is a contract in which the investor purchases a policy from an insurance company. Funds are placed in an account and invested in various securities under the direction of an investment manager. While the value fluctuates, the most advantageous strategy generates short-term gains and/or investment income, rather than long-term capital gains.
At Star Insurance, we work closely with a client’s other trusted advisors to complete the offshore component of a carefully crafted estate plan. Typically we work with bankers, brokers, accountants, and attorneys to structure single premium deferred variable annuity policies with underlying segregated investment account options.
Combined with certain trust structures, which Western offers through our international Trust subsidiary, a deferred variable annuity policy can assist in achieving more complex financial and estate planning objectives.