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Aug 1, 2010 12:00 PM
Domestic Private Placement Life Insurance
Has its time finally come?
Private placement variable universal life insurance (PPVUL) products are available “onshore” through some of the largest insurance companies in the United States. For advisers who know PPVUL only as an offshore vehicle, it may be time to consider the planning opportunities with domestic PPVUL. Domestic PPVUL, properly designed, is complex, but can be extremely rewarding for the high-net-worth clients who seek new ideas from their advisers. Although clients can own PPVUL in their estates, those who do so don't take advantage of the many planning opportunities to enhance PPVUL's benefits.
With income and capital gains taxes likely to increase in the near future, the tax-free build up of cash values in life insurance may become an attractive option — whether for supplementing retirement income or as a wealth transfer vehicle for future generations. Most advisers don't think of life insurance as an efficient investment vehicle due to life insurance's traditionally high sales loads and policy charges, lack of transparency and inability to customize investment options. This is where PPVUL may be ideal with its low-cost structure, access to sophisticated investment strategies and managers, flexibility and transparency.
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
E-Newsletter Signup
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