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The Senate is targeting life-insurance policies that allow the rich to pass down everything from stocks to yachts to their kids tax-free. Here's how it works.

Life insurance is probably the least sexy area of financial planning. But for the richest of the rich, policies can slash tens of millions of dollars off their tax bills. Private-placement life ...
Law

Private Placement Life Insurance: Can You Ease the Pain of Death and Taxes?

Private placement life insurance can reduce the hardship they create for heirs. Although the Senate Finance has recently scrutinized PPLI policies—meaning that one must take the risk-reward calculus ...
MarketWatch

What Is Private Placement Life Insurance?

Learn more about private placement life insurance and the type of customer it benefits most. Private placement life insurance is a form of cash value life insurance that is typically reserved for the ...
Insurancenewsnet.com

Sen. Ron Wyden takes on private placement life insurance with new bill

New legislation from Sen. Ron Wyden, D-Ore., would reclassify and tax life insurance primarily used by the ultra-wealthy. Wyden, chairman of the Senate Finance Committee for another two weeks, has ...
ksn.com

Private Placement Life Insurance (PPLI) in Offshore Trust More Useful Than Ever

BOULDER, COLORADO, USA, July 26, 2023/EINPresswire.com/ -- For decades, seers of doom have predicted the demise of the US dollar and other fiat currencies, economic ...
AOL

The Senate is targeting life-insurance policies that allow the rich to pass down everything from stocks to yachts to their kids tax-free. Here's how it works.

The richest of the rich can use life insurance to avoid estate and income taxes. Private-placement life insurance is perfectly legal — unless a new bill passes. A financial advisor tells BI how the ...