"Ed Zollars, CPA" <ezollar[at]mindspring.com> wrote in message
news:bq2ig102vct[at]enews1.newsguy.com...
- quote -

Good point, Ed. I'm sure it would be easy to add some language to deal
with currency differences, but why bother? There are Swiss insurance
companies, afterall. =)

Brent D. Gardner, ChFC wrote:

- quote -

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

Thanks for the info.

On Tue, 25 Nov 2003 15:00:32 CST, "Brent D. Gardner, ChFC"
<bgardner20[at]cox.net> wrote:

- quote -

"Cheesewright" <stiltonnospam[at]attbi.com> wrote in message
news:41j6svg3ntrn76ofbed898afgsgg1sjt1m[at]4ax.com...
- quote -

Odds are not in your favor. Generally, life insurance issued by a US
domiciled insurer must be applied for on sovereign land (inclusing
protectorates), the exams have to be performed here, the premiums must be
paid for with US currency deposited in a US bank, and benefits are paid
right here in US Dollars.

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.

If there is an exception, I'm not aware of it.

Brent D. Gardner, ChFC
Chartered Financial Consultant
http://members.cox.net/brentdgardner1378/

"Be ever questioning. Ignorance is not bliss. It is oblivion. You don't go
to heaven if you die dumb. Become better informed. Learn from other's
mistakes. You could not live long enough to make them all yourself." - Hyman
George Rickover (1900-86), Admiral, US Navy, advocated development of
nuclear subs & ships

I'm interested in a second to die life insurance policy and wondered
if any company in the USA sells policies whereby I can purchase a
policy with the death benefit to be paid out in Swiss Francs.

Thanks