Private Placement Life Insurance (PPLI) is a flexible and cost-effective form of life insurance. PPLI accounts are customized to fit the needs of the investor.  The cash value in the policy can be invested in a multitude of strategies and the appreciation of that cash value is tax-free. The policy may offer other benefits such as asset protection, estate tax minimization, and lower cost of insurance. Below you will find the major advantages of Off-Shore Life Insurance:

Ultimate Asset Protection

Separate, segregated accounts established for each individual policy are solely for that policyholder’s benefit and are not subject to the claims of creditors or claims against any other policyholder.

Wealth Preservation

Through a combination of advanced insurance law, segregated accounts, access to worldwide investment markets, and lower cost structures, offshore variable life insurance provides the optimum totally compliant wealth preservation facility.

Access to Funds

Policies that are set up in a non " MEC structure allow for policy loans on a Tax neutral basis.

Estate Planning

Through proper structuring, offshore variable life insurance can be used as part of a family’s estate planning combining estate, gift, and generation-skipping transfer tax benefits.

Privacy & Confidentiality

Many foreign jurisdictions stipulate that insurance policies must be held in strict confidence.  Offshore Variable Life Insurance provides a high degree of privacy and confidentiality.  Offshore trusts and bank accounts are excellent ways for US citizens to legally and securely protect their assets and themselves.

Individually Customized Investment Facilities

Each policy is an individually customized investment vehicle, available only to higher net worth persons that provide U.S. income and estate tax efficiencies completely within U.S. Tax laws.

Access to Worldwide Markets and the World’s Leading Investment Managers

Foreign insurance carriers provide flexibility with the location and type of investments available as well as attracting high performance recognized international investment managers.

Flexible Investment Opportunities

Subject to each policy meeting specific diversification rules, the type of investments that can be held in the segregated account for each policy is unlimited.   While a policy owner is prohibited from exercising control over the selection of securities selected, a specialized manager/s, working with the foreign insurance carrier, may assist the policy owner in making investment decisions. 

Multiple Currencies

Foreign insurance carriers normally offer premium payments, investments, withdrawals, borrowings, and death benefits in a variety of currencies. `

Low Cost Life Insurance

Offshore insurance companies have lower overhead costs and generally lower insurance costs. 

Favorable Governing Law

A number of foreign countries have enacted advanced insurance law which provides both flexibility and protection.  Cayman Islands confidentiality laws provide an additional barrier to frivolous claims.

If you would be interested in learning more about PPLI please contact Jonathan Mittman at:  jmittman@gmail.com

For more information please contact:
Jon Mittman , Innovation Advisory Group, Inc. (212)332-7596
630 5th Avenue 20th Floor New York, NY 10111

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