The Providence website is not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication or availability of the Providence website is prohibited. Persons in respect of whom such prohibitions apply must not access the Providence website.
The information provided on this website is intended solely for the use of insurance professionals and intermediaries and is not aimed at the ultimate purchaser of any products or services. By checking the box and entering the Providence website, you acknowledge and certify that you are a professional advisor or intermediary who has such knowledge and experience in financial and business matters that you are capable of evaluating the merits and risks of the information provided on this website.
The information contained on this website does not constitute and should not be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment, product or services or to engage in any other transaction. The information on this website is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or would subject Providence or any of its affiliates to any registration requirement within such jurisdiction or country. The products and services as described on this website can only be offered and sold in those jurisdictions where they may be lawfully offered and sold and where no registration requirements apply and, in any event, will only be sold on a private placement basis since they are not suitable for retail or unsophisticated investors. The products and services described on this website are not available to citizens of Bermuda (for these purposes a Bermuda exempted company, exempted limited partnership or exempted trust shall not be regarded as a member of the public in Bermuda). Furthermore, the products and services described are not being recommended or offered for sale and will not be sold in the United States of America (including the District of Columbia), its states, territories or possessions (the “U.S.”) or to any person in the U.S. The Providence website and the information herein are not directed selling efforts within the meaning of Regulations of the Securities Act of 1933, as amended.
Each prospective purchaser of any of our products or services should consult his or her own legal counsel, accountant or other professional advisor for advice concerning the various legal, tax and economic considerations relating to Providence’s products and services and offshore investment generally. Providence can give no guarantee that tax relief or other tax benefits will be available or that the current tax treatment of the products or services described on this website will remain unchanged in the future in the jurisdiction where the prospective purchaser is resident or of which the prospective purchaser is a citizen. The information on this website is provided for information only and should not form the basis of any investment decision. While Providence has taken all reasonable care to ensure that the information on its website is accurate as at the date of its publication, Providence does not warrant the accuracy, completeness or timeliness of such information, and neither Providence nor any of its affiliates, directors, officers, employees or agents accepts any liability to any person or entity who relies upon such information for any direct, indirect, special, consequential, punitive or incidental damages or any other damages or losses of whatsoever kind. Furthermore, neither Providence nor any of its affiliates accepts any responsibility for any information contained in any third-party website accessed via a hypertext link from the Providence website. The content, accuracy and opinions expressed in such websites are not checked, analyzed, monitored or endorsed by Providence or its affiliates. Information accessed on this website is protected under applicable copyright laws. You may not copy, re-publish or re-distribute the information contained on this website for commercial purposes or gain, without the prior written approval of Providence.
The Providence website contains names and logos, which are trademarks of Providence and/or its affiliates. Any use of any of these names and logos would, without prior consent, constitutes an infringement of those trademarks and is thus forbidden.
Providence Life Assurance Company (Bermuda) Ltd, is a class C licensed life insurance company regulated by the Bermuda Monetary Authority and registered as a Segregated Account Company. Specializes in providing customized life insurance products to ultra-high net worth individuals and institutions to serve a variety of financial planning requirements.
Our Approach
We Tailor Our Products and Services to Meet Client Needs
We offer a full range of private placement life insurance and annuity structures. As an independent company exclusively serving the needs of its clients, Providence offers flexible customized products in conjunction with best-in-class complementary service providers. Backed by the financial strength of our parent company, Alpha Growth PLC (Bermuda) Limited, our team is dedicated to one outcome: the success of our clients.
Our Solutions
Growing wealth tax-efficiently across generations while investing flexibly across traditional and alternative investments.
An asset management tool, PPLI is a type of variable universal life (VUL) insurance that allows investments contained within the policy to grow with income and capital gains taxes deferred. These gains can be accessed income tax free during the insured’s lifetime or passed to beneficiaries as part of an income tax free benefit.
Foreign investors, including individuals, groups and sovereigns, can eliminate taxation resulting from the Foreign Investment in Real Property Tax Act (FIRPTA) and effectively-connected income (ECI) by making investments via an institutional private placement variable annuity (PPVA).
Tax exempt investors, such as pensions, endowments, foundations and charities, can eliminate unrelated business taxable income (UBTI) by making investments via an institutional private placement variable annuity (PPVA) contact. The structure allows for the investment income to be recharacterized as UBTI-exempt annuity income. A PPVA is most efficient and simple to administer.
An asset management tool, PPVA is a type of variable annuity that allows investments contained within the PPVA to grow with income and capital gains taxes deferred. These gains are taxed at ordinary income rates when distributed, subject to a 10%penalty if withdrawn before age 59 1/2.
Providence's Leadership Team
Providence’s leadership team has many decades of collective experience in the life insurance business. The experience and industry knowledge of our employees, along with our specialist focus, enable us to compete against much larger companies.
