Protect your Clients Assets -Private Placement Life Insurance

Mar 27,2008 00:00 by Editor
    One of the most exciting tax reduction and asset protection structures to emerge over the last decade for high-net-worth individuals- especially U.S. citizens and residents, has been OPPLI.
    Private Placement Life Insurance is a flexible and cost-effective form of life insurance. PPLI accounts are customized to fit the needs of the investor.
Recently, the offshore private placement life insurance (OPPLI) policy, usually designed as a variable life plan, has been gaining popularity throughout the world, but especially in the Unites States. Some of its uses include asset protection, tax deferral, cash accumulation, business planning, estate planning, and family succession planning. Currently, these policies are only one of the few structures available that allow the U.S. citizens to legally shelter asset growth offshore because the U.S. condoned deferral of the policy.
    If structured property as a U.S.- compliant life insurance policy, OPPLI offers many tax benefits. To be U.S. compliant requires that the policy be designed and comply with the rules that satisfy I.R.C. Section 7702 with regard to the death benefit, premium and cash value.
    A U.S. �" compliant OPPLI offers substantial tax-free death benefits, tax free appreciation of investments the ability to appoint your own investment manager, liquidity, low costs due to small or no sales loads and other administrative costs and asset protection. In addition, OPPLI is highly customizable and is designed without the loads, surrender charges, commissions and other fees that typically are associated with traditional life insurance.
Under the Internal Revenue Code, the death proceeds of a life insurance contract are excluded from gross income and are not taxed. A US-compliant life insurance policy issued by an offshore life insurance policy will enjoy the same benefits. Besides receiving the death proceeds income tax free, a properly structured insurance policy can become the cornerstone of an estate plan and avoid gift and estate taxes.
Below you will find major advantages of Off-Shore Life Insurance. (PPLI)
-Ultimate Asset Protection
-Wealth Preservation
-Estate Planning
-Privacy & Confidentiality
-Individually Customized Investment Facilities
-Access to Worldwide Markets and World’s Leading Investment Managers
-Flexible Investment Opportunities
-Multiple Currencies

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