Asset protection includes accumulating wealth, as well as protecting it. Private placement life insurance (PPLI) enables tax-free growth and tax-free transfer of wealth in complete compliance with U.S. tax law in addition to providing a life insurance benefit. PPLI investments grow tax free. When owned by an irrevocable life insurance trust (ILIT), PPLI policy proceeds [...]
Archive for May, 2010
INSURANCE POLICY PROTECTION
On May - 9 - 2010
Private placement life insurance (PPLI) allows tax-free growth in separate policy accounts holding hedge funds or other high-return investments. Because assets in PPLI are in separate accounts, they are protected against insolvency of the insurance company. When an irrevocable life insurance trust owns the policy, the policy and its proceeds are protected against unforeseen future [...]
ENHANCED GROWTH AND PROTECTION OFFSHORE
On May - 6 - 2010
Captive insurance companies, life insurance and deferred variable annuity (DVA) policies in Liechtenstein, the Cook Islands, Bahamas, and other offshore jurisdictions can be designed for full compliance with U.S. tax laws to maximize tax saving and wealth building advantages. These offshore vehicles generally allow greater flexibility and range of investments than US-based entities. Fees and [...]
WEALTH ACCUMULATION AND TRANSFER
On May - 5 - 2010
Allocation of exemptions for gift and estate tax and generation-skipping transfer tax (GSTT) to an irrevocable life insurance dynasty trust make it possible to avoid income, capital gains, gift and estate taxes perpetually. With gift and GST tax exclusions currently set at $5 million, now is the time to fund a dynasty trust. Ownership of [...]