U.S. citizens have the unique responsibility of reporting worldwide income to the IRS. Failure to do so may result in financial as well as criminal penalties and the disqualification of the tax benefit of any international structures. Such a disqualification could lead to the loss of the tax advantages in an insurance policy. In addition, the insurance policy must be structured and managed according to a variety of Internal Revenue Code sections to qualify for those tax advantages.
Citadel was formed to cater to the needs of successful U.S. taxpayers seeking to hold substantial assets in U.S. Treasury Department and Internal Revenue Code compliant international insurance structures offering tax reduction, asset protection and flexibility through a wide range of investment options.
All policies are reviewed annually by U.S. legal counsel to ensure that all policies adhere strictly to all applicable Internal Revenue Code sections, modifications to the Code, and Internal Revenue Service rulings.
Citadel's investment protocol is designed to comply with Internal Revenue Code, Section 817(h), diversification requirements. All variable insurance contracts must comply with these requirements in order to receive favorable tax treatment. All Citadel policies are audited to ensure that they remain diversified and compliant.
Citadel offers policy owners a wide range of investment options that are well suited to individual financial goals with respect to risk tolerance and investment time horizons. These options provide Citadel clients access to some of the world's top investment managers. Specific investments decisions are made by the investment manager, which ensures compliance with Internal Revenue Code provisions that forbid excessive investor control.
At the end of the day, clients can rest assured that their hard earned assets are in structures meticulously designed and managed to ensure compliance with all U.S. Treasury Department and IRS regulations.
Citadel Insurance Company, Ltd.
P.O. Box 1162, The Valley
Anguilla, British West Indies
Phone: (264) 497-0147
Fax: (264) 497-2059
clientserv@citadelins.com
The following disclaimer explains certain regulatory restrictions that may be applicable in certain jurisdictions.The distribution of some material contained on this website may be prohibited in some jurisdictions. This information is not intended as an offer or solicitation of any business where prohibited by law. Citadel Insurance Company, Ltd. complies with all applicable tax and currency regulations including those in the United States.