Investors & landlords

Foreign life insurance needs to be reported at minimum on your FinCEN114 and Form 8938. There are very steep penalties for not reporting this foreign account on either of these two forms. The payments of the insurance would be reportable but you will need to calculate what portion is return of your investment and what portion is taxable income. Since this can be a complex calculation I would highly recommend hiring a professional with international tax experience to help you out.