Ideally located

Ideally located

Our Puerto Rico location enables us to provide you with the maximum level of wealth protection whilst operating within a highly regulated environment

In safe hands

In safe hands

However you want to protect your future, you can be sure that the solutions we provide are both safe and secure

Pulling together

Pulling together

We work with you to ensure that the solutions we provide are specifically tailored to your needs

US Commonwealth Life, A.I. (‘USCL’) is an international insurance company based in the Commonwealth of Puerto Rico.

We issue Private Placement Life Insurance and Annuity policies to high net worth global individuals, family offices and corporate clients.

For an individual, the minimum net worth required to be an eligible client of USCL is US$5 million.

Our policies offer financial planning solutions for residents of most countries around the world and provide the benefits of security, flexibility, cost effectiveness and confidentiality.

Our success is best reflected by the fact that USCL maintains over US$1 billion of in-force insurance policies as detailed in our latest audited financial statements.

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Insurance policies

All the policies issued by USCL are Private Placement policies, which means that they are only available to high net-worth individuals and not by way of any public offering or retail distribution network. Our principal policies are:

Variable Universal Life Insurance

Aimed at providing cost-effective custom global investment flexibility, a variable death benefit that is tax-free in most jurisdictions and legitimate asset protection for the policy owner and beneficiaries.

Variable Annuities

Designed as a retirement planning solution, variable annuities can provide immediate or deferred payments as desired by the policy owner. Like variable life insurance, variable annuities provide cost-effective custom global investment flexibility and legitimate asset protection for the policy owner and beneficiaries.

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Our process

USCL is by design a ‘boutique’ company capable of responding to the particular circumstances of each individual client; while at the same time being supported by large institutional service providers and recognised experts.

In this way we provide the very best team approach that typically results in specifically customised insurance policies designed to achieve the wealth, financial and tax planning objectives of our clients.

It is important to emphasize that USCL does not provide tax, legal or investment advice and independent professionals must represent a prospective USCL client.

USCL requires extensive underwriting information from a prospective client and will conduct a complete global compliance/due diligence review that is designed to meet the ‘high-water’ requirements of Puerto Rico, the United States and the OECD. Additional medical data and testing is required for a proposed life insured.

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Puerto Rico

USCL is licensed and regulated by The Office of the Commissioner of Insurance of the Government of Puerto Rico.

The Commonwealth of Puerto Rico is an unincorporated territory of the United States and the legal system is particularly well-suited to private placement insurance.

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Our people

Our team possesses considerable experience in the use and structuring of insurance products and has many years’ experience of working with wealthy clients and their advisers.

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