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LIFE INSURANCE DISCLOSURE FORM

LIFE INSURANCE DISCLOSURE FORM

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Instructions and help about LIFE INSURANCE DISCLOSURE FORM

good afternoon this is Sean Golding with Golding and golden here to discuss the basics of the f bar reporting and form 8938 recording for your foreign life insurance policy it's a very common misconception that foreign life insurance policies are not considered accounts or assets for F bar in fact purposes but that would be incorrect foreign life insurance policies are very common overseas many of our clients have them whether it's a a 1 a or a IA in Singapore India Alessia Prudential UK friends Aviva policies Hong Kong AXA there's lots of different policies overseas and in the typical situation a parent will apply for a policy either on the for their child beneficiary on behalf of the life expectancy of their child and it generally grows tax-free in several countries even when it pays out its tax rate in the u.s. these need to be reported let's start with the F bar the f bar is the foreign bank account reporting form aka foreign banking financial accoun

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