The PPLI Solution Delivering Wealth Accumulation, Tax Efficiency, and Asset Protection Through Private Placement Life Insurance

by Loury, Kirk

• ISBN13: 9781576601730
• ISBN10: 1576601730
• Edition: 1st
• Format: Hardcover
• Copyright: 2005-02-01
• Publisher: Bloomberg Press

Summary

Private placement life insurance (PPLI) was once the exclusive domain of wealthy investors willing to tackle the logistical challenges of the offshore insurance market. The investment portfolio, tax, and estate-planning applications, and ongoing investment potential of these policies made the effort worthwhile. In recent years, though, a number of U.S.-based insurance companies have developed similar policies that meet all U.S. insurance, investment, and tax regulations.PPLI is becoming a fundamental component of effective tax, trust, and estate planning, but few sources have been available to detail the best practices-until now. The PPLI Solution can serve as a resource for effective execution. Written by leading practitioners, the book will position advisers to capitalize as PPLI expands further into the high-net-worth market and becomes available to individuals with an investable net worth as low as $1 million.Few investors-whatever their net worth-will want to venture into the PPLI market without guidance. The PPLI Solution addresses the needs of investment managers, consultants, attorneys, and accountants who want to achieve the broad understanding of PPLI's applications required of those providing advice. It can serve as an authoritative source for anyone-including investors-seeking to know more about PPLI's nearly perfect tax efficiency, solid creditor protection, and powerful means of creating wealth.

Author Biography

Kirk Loury is president and chief investment officer for Spencer Trask Asset Management, a wholly owned registered investment adviser of Spencer Trask & Co.

Table of Contents

An introduction to PPLI	p. 3
Risk management : redefining safe harbors	p. 21
Tax management : building wealth, reducing taxes	p. 31
Asset protection : riches out of reach	p. 41
Estate planning : when insurance tames taxes	p. 65
Trust administration : the domestic advantage	p. 79
Executive benefits : the plan that pays its way	p. 99
Toward a more powerful portfolio	p. 107
Who's afraid of hedge funds?	p. 125
In search of skilled investment managers	p. 155
Policy structure : the good, the bad, the ugly	p. 171
Getting it right : a regulatory overview	p. 189
Investment due diligence : beyond the questionnaire	p. 221
Creating and administering an insurance-dedicated fund	p. 231
Underwriting the policy	p. 257
Understanding and comparing costs	p. 269
Jurisdiction : home or away?	p. 285
Making a place in private banking	p. 303
The family office : a perfect fit	p. 313
Continuing education exam	p. 321
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