A Cross-Border Finance & Tax Podcast To Filter Out The Noise
Hosted by Jane Mepham, CFP & Manasa Nadig, EA
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About
The International Money Café Podcast addresses the unique financial, tax, and life challenges faced by foreign-born individuals, foreign nationals on work visas, and U.S expats living outside the U.S.
Join us as we navigate the financial complexities, decode the challenges, and provide actionable strategies for thriving financially in a global landscape.
All Episodes
Every episode gives you tips on pursuing your financial dream while staying tax-compliant, saving you hours of combing the Internet for information relevant to your situation!
Ep 53: What Is English For "Life Insurance?"
In this episode, we delve into the concept of life insurance, particularly in a cross-border context.
We discuss the two main types of life insurance: term and permanent, and when foreign nationals might need them.
We emphasize the importance of life insurance for expatriates and foreign nationals, particularly in terms of providing financial support to families and managing estate taxes.
We discuss two use cases for the different types of life insurance for foreign-born families.
Takeaways
Life insurance is a contract between the insured and the insurance company.
Term life insurance provides coverage for a specific period.
Permanent life insurance includes a cash value component.
The primary purpose of life insurance is to provide income replacement for dependents.
Choosing the right insurance company is crucial for cross-border policies.
Estate taxes can be significantly higher for non-residents. Life insurance can help cover estate taxes for beneficiaries.
Customizing life insurance policies is essential for individual needs.
Chapters
00:00 Understanding Life Insurance in a Cross-Border Context
02:59 Types of Life Insurance: Term vs Permanent
05:47 Who Needs Life Insurance and Why?
Episode Links & Resources
Are you Tax-compliant With Your Overseas Assets? - Free Guide - Scroll to the bottom of the page.
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Meet Your Hosts
Jane Mepham, CFP and
Manasa Nadig, EA
Jane Mepham, CFP®, and Manasa Nadig, EA, are leading experts revolutionizing cross-border financial and tax advice for green card holders, foreign-born U.S. citizens, foreign nationals on work visas, and U.S. expats.
Jane, the founder of Elgon Financial Advisors in Austin, TX, and Manasa, the founder of MN Tax & Business Services in Plymouth, MI, combine their extensive knowledge and personal experiences to provide invaluable insights on the podcast.
Explore their journeys and expertise through their blogs, LinkedIn, Twitter, and Instagram pages.
If you’d like to go beyond the podcast and explore working with us one-on-one
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Take this episode further with our exclusive companion resource. Inside, you’ll find practical tips, tools, and insights designed to help you put what you’ve learned into action right away.