Can South African Life Insurers provide USD denominated life insurance?
Can foreign life insurers sell USD denominated life insurance to South Africans?
Why would you buy USD denominated life insurance?
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In generic terms life insurance can be an asset class for diversification and unlike many other asset classes requires no time to grow. Its most important use is therefore to diversify the risk of time, especially in case of an unforeseen event before your financial savings or wealth creation goals are reached.

Importantly in a South African context though is diversification of currency away from ZAR making a USD denominated life insurance a useful asset in case of death, disability or severe illness. If structured correctly it could create a nest egg for the next generation that can prove invaluable.

The purpose of this website is to educate, discuss and to create awareness about the benefits, uses and application of USD denominated life insurance. The information is generic and not product or company specific and should not be construed as financial advice or the solicitation of any products or services. Please always consult a professional, registered adviser before considering to act on any information.


Cobus KrugerCobus KrugerLinkedIn

Cobus founded various businesses focusing on international fiduciary and investment solutions for South Africans since the first relaxation of Exchange Controls in 1996.

Cobus has 25 years’ experience in financial services, primarily focused on the international investment market. Before joining Discovery International, he was the CEO of Sanlam Global Investment Solution and Head of Product & Investments at Glacier International.

Other previous roles have been largely concentrated on developing products, investment management, legal and tax structuring at Old Mutual International, New Star Asset Management, TriAlpha Investment Advisors Limited & the Stonehage Group.

Cobus has a B.Com (Law), an MBA, an Investment Management Certificate from the CFA Institute and have most recently completed an executive program focused on Artificial Intelligence from MIT and applied Data Science from Columbia University. In addition he has been a member of STEP (Society of Trust and Estate Practitioners) since 2002.

“The only thing of certainty are Death and Taxes.” - Benjamin Franklin


Paying out to beneficiaries

The proceeds of a dollar life insurance pay directly outside of the borders of South Africa.

An estate planning advantage

Creating a tax efficient nest egg for the next generation.

An estate planning tool

A dollar life insurance contract is currently one of the most effective and efficient estate planning tools available to South Africans.

“Diversification is the only free lunch in finance.” - Harry Markowitz


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