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INCOME FROM ANNUITIES, INSURANCE and similar INVESTMENTS
U.S. Taxation of the Foreign Investor
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The following Assets are
Exempt from U.S. Estate Tax*:
- Proceeds of U.S. Insurance on life of (non-resident) Foreign Investor
- Cash held by U.S. Insurance Companies at interest
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The following Assets are Not Exempt from U.S. Estate Tax*:
- Cash Surrender Value of U.S. life insurance on life of another
Annuity Contract payable by U.S. person or U.S. Company (which does not terminate upon the death of the Foreign Investor)
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NOTES:
* The information provided herein is based upon the following assumptions:
- The Foreign Investor has timely submitted IRS Form W-8BEN (and W-8IMY or W-8EXP, if applicable) to Withholding Agent;
- The Asset is owned directly for or by Foreign Investor; and
- The Asset is held for Investment (and NOT effectively connected with Foreign Investor's U.S. trade or business).