The case for a Swiss annuity is the case against the future purchasing power of the U.S. dollar.
An annuity is a two-way hedge against risk. The insurance company is "betting" that you will not outlive the actuarial tables. You are "betting" that you will.
It is not really betting. Betting relates to a zero-sum game: the winner wins at the expense of the loser. The game is played to create risk. In contrast, an insurance policy allocates existing risk. There is an inescapable risk that you will die impoverished if you outlive the purchasing power of the dollar. A Swiss insurance company helps you hedge against this risk, for a fee.
If your parents lived longer than normal, an annuity is a good way for you to hedge against poverty in your old age. If they didn't, the insurance company has the edge.
Then there is the future of the dollar. I think it's bad. I think the money supply will be inflated. I think the Swiss franc will depreciate at a rate lower than the dollar's depreciation. So, a Swiss annuity is a way to hedge against declining purchasing power.
You surrender ownership of assets now for the sake of more assets in the future. But, in doing this, you disinherit your survivors, especially your children. The money that you pay for an annuity, unless you cash out early, is lost to your estate. This is the trade-off.
I do not recommend any annuity denominated in dollars.
Consult with a CPA regarding the best way to structure this purchase. Ask about a rollover of a deferred-tax retirement account into a Swiss annuity.
If you want more information on Swiss annuities, consult this FAQ sheet:
Use Google to locate Swiss insurance companies that sell to Americans. The trouble is, fewer of them are still interested in selling these policies. It gets more difficult to find a cooperative seller.
Here is an example of a reticent seller who will, when asked by an American, find a policy to sell, but who is not actively seeking business. I have posted this for my subscribers only, since he really does not want publicity:
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