Papa Has a Brand New Bag

Gerald Nowotny - Law Office of Gerald R. Nowotny
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The high-net-worth PPLI marketplace has started to resemble the retail VUL marketplace but with institutional pricing and investment options that are more sophisticated. In my view this has occurred for two reasons. First, specialty life insurers have achieved a level of success that they no longer have to incur unnecessary business and tax risk. Second, large fund aggregators such as the SALI Fund have such a dominant competitive footprint in the domestic marketplace, so that the Moon is increasingly sunny with very few dark spaces See more +
The high-net-worth PPLI marketplace has started to resemble the retail VUL marketplace but with institutional pricing and investment options that are more sophisticated. In my view this has occurred for two reasons. First, specialty life insurers have achieved a level of success that they no longer have to incur unnecessary business and tax risk. Second, large fund aggregators such as the SALI Fund have such a dominant competitive footprint in the domestic marketplace, so that the Moon is increasingly sunny with very few dark spaces left. Third, retail life insurers continue to have a difficult time from a compliance standpoint to sell offshore private placement life insurance.

Despite the aforementioned comments on the state of PPLI, great planning opportunities continue to exist using cutting edge tax and estate planning techniques that the best tax planners use with a structure (PPLI) that too few of them use. As Socrates said, “Life (PPLI) unexamined is not worth living.” Maybe, Socrates was not referring to PPLI, but he would have been if he were living today.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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