About

Lombard International Life Ltd. specializes in variable universal life and variable annuity products issued on a private placement basis. The products are designed to meet multi-jurisdictional investment, tax, estate planning, income protection, asset protection and pre-immigration planning needs of the sophisticated high-net-worth client. Lombard International Life Ltd. is a wholly owned subsidiary of Lombard International. The company is licensed and regulated by the Bermuda Monetary Authority, and is not licensed to conduct any insurance business in any other jurisdiction. All transactions with Lombard International Life Ltd. relating to its policies must be conducted in compliance with relevant insurance laws, including the laws of the residence of the owners of Lombard International Life Ltd.'s insurance policies.

Lombard International Life Ltd. is a foreign life insurance company and has not elected under section 953(d) of the Internal Revenue Code to be treated as a U.S. domestic insurance company for U.S. federal income tax purposes. Our policies are designed to conform with relevant U.S. tax laws applicable to life insurance and annuity contracts held by U.S. citizens and residents. Lombard International does not deal directly with clients but works with business partners that include insurance brokers, financial advisors, private banks, family offices, law firms and accounting firms. All products are issued pursuant to the laws of Bermuda. Lombard International Life Ltd. maintains all original policies and application information in Bermuda. Any legal proceedings with respect to insurance products will be subject to the exclusive jurisdiction of the courts of Bermuda.

Bermuda

Bermuda is one of the world's leading financial services centers and the country employs a legal system based on English Common Law. The country is known for its political stability, pro-active regulatory environment and its well established legal, accounting and trust services. Under Bermuda's Segregated Account Legislation, an insurance company must maintain a segregated account for each policy or premium payment. In addition, assets held within one segregated account may under no circumstances be used to cover any liabilities of the insurance company or another segregated account. All of which make Bermuda an ideal location for international high-net-worth clients wishing to purchase private placement life insurance and annuity products.

Products

Lombard International Life Ltd. offers private placement variable life and variable annuity products that provide insurance brokers, financial advisors, private banks, family offices, law firms and accounting firms with additional solutions to help them meet the needs of their high-net-worth clients. Lombard International Life Ltd.'s position is that all insurance contracts should contain significant insurance risk transfer. Our policies are designed to conform with relevant U.S. tax codes for qualifying U.S. citizens and residents.

We offer the following products:

Variable Universal Life

  • Individual Variable Life
  • Second-to-die Variable Life

Deferred Variable Annuity

  • Variable Annuity

All products are issued pursuant to the laws of Bermuda. Lombard International Life Ltd. maintains all original policies and application information in Bermuda. Any legal proceedings with respect to Lombard International Life Ltd.'s insurance products will be subject to the exclusive jurisdiction of the Bermuda courts.

Reporting

Lombard International Life Ltd. requires that all Foreign persons purchasing a policy comply with all reporting and compliance requirements. Lombard International Life Ltd. monitors all policies for compliance purposes on a consistent basis.

Lombard International Life Ltd. does not provide tax advice - please consult with a competent tax advisor with respect to tax reporting obligations resulting from owning a Lombard International Life Ltd. insurance or annuity contract.

Filing requirements for U.S. Persons would include:

  • FBAR - Report of Foreign Bank and Financial Accounts. This is to be filed with the U.S. Department of the Treasury on or before June 30 of each year for the prior year if at any time during such year the value of such financial account (which includes cash value life insurance or annuity contracts) that a U.S Person owns, or over which a U.S. Person has certain authority exceeds specified amounts. Form TD F 90-22.1 is used for reporting. In addition, such account may be reportable on Form 1040, Schedule B, Part III., and Form 8938.
  • FATCA - Foreign Account Tax Compliance Act provisions of the US Hiring Incentives to Restore Employment Act. This Act is aimed at addressing perceived tax abuse by U.S. persons through the use of offshore accounts. As a foreign financial institution (FFI), the new rules require Lombard International Life Ltd. to provide the Internal Revenue Service (IRS) with information on certain U.S. persons and their accounts outside of the U.S.
  • FET - Federal Excise Tax does not apply to policies when Foreign persons are the insured persons or the annuitants. If a U.S. Person is the insured or annuitant, the 1% FET will be due.
 
Team
Legal Counsel Insurance Manager Auditor
Appleby (Bermuda) Limited
Canon's Court
22 Victoria Street
PO Box HM 1179
Hamilton HM EX
Bermuda
+1 441-295-2244
Kane (Bermuda) Limited
A Kane Group Company
6th Floor Cumberland House
1 Victoria Street, Hamilton, HM 11
P.O. Box HM 3033, Hamilton HM NX
Bermuda
+1 441-248-6811
KPMG
4 Par-la-Ville Road
Hamilton HM 08, Bermuda
+1 441-295-5063
 
Contacts
Customer Service, Sales Support President, LILB
6th Floor Cumberland House
1 Victoria Street, Hamilton, HM 11
P.O. Box HM 3033, Hamilton HM NX
Bermuda
+1 441-248-6811
info@pfli.bm
Ken Kilbane
​President, Lombard International Life Ltd. 
6th Floor Cumberland House
1 Victoria Street, Hamilton, HM 11
P.O. Box HM 3033, Hamilton HM NX
Bermuda
+1 441-296-2195

See More