Policies of Fidelity Pacific Life Insurance Company

• They are genuine life policies
• You can pick the currency in which your policy is denominated
• The investments of your policies are managed individually
• There is the potential for significant tax advantages
• Policyholders may suggest investments
• Your policy’s capital value may be guaranteed
• You can surrender in your policy at any time

These are genuine life policies

The Single and Multiple Premium Life Policies issued by Fidelity Pacific Life are genuine life policies which provide not only death protection, but also a tax advantaged investment medium. Minimum investment is US$100,000 (or equivalent). Payments to Beneficiaries may be made in any currency or in specie.

You can pick the currency in which your policies are denominated

Fidelity Pacific Life policies may be denominated in any of the below currencies. The minimum individual policy sizes are shown below.

The investments of your policies are managed individually – separate from all other policies

Premiums are not contributed to a pool where all policyholders share proportionally in the fortunes of the pool. Each Fidelity Pacific Life Benefits account is administered individually. This provides greater flexibility, with policies’ investments tailored to the policyholder’s specific requirements. Fidelity Pacific Life Insurance Co. Ltd. is a Canadian Corporation. It was constituted in Canada by its own Act of Parliament which provides that the assets of any policyholder are secure and cannot be legally attached by third party creditors.

There is the potential for significant tax advantages

In many countries, there are significant tax advantages in purchasing policies from Fidelity Pacific Life. Examples in some countries are:

1. Premiums paid may be tax deductible
2. If held for specific periods, the realized gain may be exempt from income and capital gains tax.
3. The earnings and capital appreciation of Fidelity’s investments are credited, without Canadian tax deduction, to the policyholder’s Benefits account(s). This compares most favourably to life insurance companies incorporated in higher tax jurisdictions where the life companies pay tax of 30%, 39%, or more tax on earnings before the balance is credited to the policyholder’s account(s). N.B. earnings on Fidelity Pacific Life’s investments, and loans may be subject to withholding tax at source in some countries.
4. Interest expense in most countries, if incurred to obtain assessable income, is tax deductible for the payer. If a policyholder borrows against his policy to earn assessable income, the interest paid to Fidelity Pacific Life is normally tax deductible.

Policyholders may suggest investments

A policy holder may suggest investments if they have a “Managed Policy”. However this can only be done if it is not a “Value Guaranteed” policy. Normally, if the investment has any potential risk, it is recommended that Fidelity incorporate a subsidiary company with limited liability to be the investor. This entity then purchases, property or invests in other ways and the results are attributed exclusively to the Benefits Account of the Policyholder.

Your policy’s capital value may be guaranteed

“Value Guaranteed” policies are guaranteed by Fidelity Pacific Life to be worth not less than 100% of their reported value as at the previous 31 December, less this year’s applicable Administration fees. The policyholder is thus protected by this guarantee against his Benefits Account decreasing in value. The investment policy of Fidelity Pacific Life is conservative. Its first priority is to protect the policyholder’s investment so he knows his money and its earnings will be available to the beneficiaries. This philosophy is only varied upon the written request of the policyholder.

You can surrender your policy at any time

Policies may be surrendered at any time, but the policyholders must BE AWARE that surrenders within certain time limits (which vary from country to country) may have adverse tax consequences. An alternative is to borrow from Fidelity. After holding the policy for 12 months, up to 85% of it’s value may be used as security for a loan from Fidelity.

– WARNING –
Please note that the information contained in this and subsequent web pages may be restricted in your jurisdiction. If necessary, obtain professional advice before proceeding.

Contact Details

Email: info@fidelitypacific.ca

Telephone: (+678) 24170

Mail:
Fidelity Pacific Life Insurance Co Ltd
PO Box 301
Port Vila, Vanuatu

Courier:
International Building
Lini Highway
Port Vila
Vanuatu

A member of The Bayer Group of companies.