FAQs
LIFE INSURANCE – U.S. CLIENTS
Q1: What types of life insurance do you offer?
We offer term, whole, and indexed universal life (IUL) insurance. IUL policies are especially popular for clients who want long-term protection with the added benefit of tax-advantaged cash value growth.
Q2: Can I use life insurance to build wealth or fund retirement?
Yes. Cash value policies like IULs can be used as tax-free retirement supplements, college funding vehicles, or a source of emergency liquidity.
Q3: Do I need to take a health exam?
For U.S. residents, exams are often optional but recommended to qualify for better rates. Skipping the exam may increase your premium.
Q4: Do you only offer permanent insurance?
No. We also offer term insurance, which is ideal for clients who want affordable coverage while locking in their current health rating. Many carriers allow term-to-permanent conversion without new underwriting.
Q5: How does Tora Wealth help with estate planning?
We design policies to cover estate taxes, preserve family assets, and ensure efficient wealth transfer for future generations.
LIFE INSURANCE – FOREIGN NATIONALS
Q6: Can I apply for U.S. life insurance without a green card or Social Security number?
Yes. We specialize in helping foreign nationals obtain life insurance using alternative documentation like passports and proof of financial ties to the U.S.
Q7: What documents do I need?
You'll need a valid passport, U.S. mailing address, proof of income/assets, and recent medical history (translated if not in English).
Q8: What if I can't travel to the U.S. for the medical exam?
We can help arrange exams in places like Hong Kong or explore virtual exam options, depending on the carrier.
Q9: Can I insure my children?
Yes. If you're the policyholder and have at least 2x the death benefit amount you're applying for your child, minors are eligible.
Q10: How does Tora Wealth guide the foreign national application process?
We handle everything from U.S. banking setup and limited power of attorney to medical coordination and policy delivery.
🩺 Coordinating U.S. or international health exams is part of our full-service process — from your doorstep to policy approval.
LIFE INSURANCE – FOREIGN NATIONALS
Q11: What should I prepare before applying?
Valid ID, financial verification, mailing address, medical records, and (if applicable) a CPA letter. Having these ready speeds up the process.
Q12: What if I have a chronic illness?
We work with carriers that specialize in complex cases and informally shop your profile before submitting a formal application.
Q13: I had cancer but am now recovered. Can I still apply?
Yes. If you're cancer-free for at least 5 years, you're generally eligible. We match you with the best underwriting carriers for your situation.
Q14: Can Tora Wealth review my existing policies?
Absolutely. We evaluate your policies regularly to ensure optimal coverage and performance, and may recommend a 1035 exchange if appropriate.
PAYMENTS & PREMIUM STRATEGIES
Q15: Do I need a U.S. bank account?
Yes. We help clients (especially foreign nationals) set up compliant banking to streamline payments.
Q16: What is premium financing?
It allows high-net-worth individuals to borrow funds to pay large premiums, preserving liquidity while securing large death benefits. Approval depends on financial and credit profile.
REAL ESTATE SERVICES
Q17: Can you help with real estate if I’m overseas?
Yes. We manage transactions remotely for global clients, ensuring transparency and efficiency from contract to close.
Q18: What services do you offer?
Buying, selling, building, design, renovation, property management, and 1031 exchanges — all tailored to your goals.
Q19: Do you assist with property financing?
Yes. We connect you with competitive lenders and assist foreign nationals in navigating cross-border financing.
Q20: Can you help increase my property value?
Absolutely. We handle permits, renovations, and contractor partnerships to enhance long-term appreciation.
Q21: Do you provide investment advisory?
Yes. We advise on market timing, tax strategies, and performance optimization across your property portfolio.
Q22: Is everything legal and compliant?
Yes. We work closely with attorneys and legal professionals to ensure all transactions meet state and federal regulations.
STILL HAVE QUESTIONS?
We’re here to help. ➡️ Book a free consultation or send us an email — let’s build your plan together.