As a US Taxpayer, buying life insurance in Japan

Maybe I’m being paranoid, but if I want a lump sum 終身保険 to pay out on my death and the beneficiary is NOT a US Taxpayer does it even matter what kind I get?

A lot of these things look a lot like investments and they said they will need my SSN to comply with US law. (Something about “if you close the contract after the payment period is over you get 104% of what you paid in,” etc… but I won’t be doing that nor care for it)

But I won’t benefit from it, so why would my SSN be needed?

by kinoshitajona

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