Re: 2nd to die policy, currency choices?

Brent D. Gardner, ChFC wrote:

>   I've done some business with foreign nationals, and they all wanted the
> benefits paid right here. They have businesses here, which is why they have
> the coverage. I've also done business with ex-pats and US citizens on
> long-term overseas (or permanent) assignments. They all have to come here to
> apply, get examined, and pay with US dollars.

I'm not sure any insurer, even if *allowed* to do it, would 
generally want to set premiums in one currency but agree to 
pay a death benefit in another.  Even more basic--I would 
doubt they'd really like to add exchange rate risk on top of 
the other risks they take on.

So my guess is that if you wanted a policy that paid in 
Swiss francs, you'd need to deal with an entity that 
operated in Switzerland *and* would be paying premiums that 
were set in Swiss francs (so you would take on the exchange 
rate risk of the Swiss franc vs. the U.S. dollar).

--
Ed Zollars, CPA
Phoenix, Arizona