The PPLI Solution: Delivering Wealth Accumulation, Tax Efficiency, and Asset Protection Through Private Placement Life Insurance / Edition 1

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Private placement life insurance (PPLI) was once the exclusive domain of wealthy investors willing to tackle the logistical challenges of the offshore insurance market. The investment portfolio, tax, and estate-planning applications, and ongoing investment potential of these policies made the effort worthwhile. In recent years, though, a number of U.S.-based insurance companies have developed similar policies that meet all U.S. insurance, investment, and tax regulations.

PPLI is becoming a fundamental component of effective tax, trust, and estate planning, but few sources have been available to detail the best practices—until now. The PPLI Solution can serve as a resource for effective execution. Written by leading practitioners, the book will position advisers to capitalize as PPLI expands further into the high-net-worth market and becomes available to individuals with an investable net worth as low as $1 million.

Few investors—whatever their net worth—will want to venture into the PPLI market without guidance. The PPLI Solution addresses the needs of investment managers, consultants, attorneys, and accountants who want to achieve the broad understanding of PPLI's applications required of those providing advice. It can serve as an authoritative source for anyone—including investors—seeking to know more about PPLI’s nearly perfect tax efficiency, solid creditor protection, and powerful means of creating wealth.

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What People Are Saying

From the Publisher
"A timely and well-written volume, especially for the 'hedge fund age' that now dominates the current investment climate. It is difficult if not impossible to take advantage of these new opportunities without proper guidance, and Van's and Hayden's chapter about incorporating hedge funds into private placement life insurance is a primer for those attracted to the subject. The due-diligence guide contains practical insights and a 'what to watch for' section that can serve to avoid costly mistakes."
Michael G. Tannenbaum, Esq.
Partner, Tannenbaum Helpern Syracuse & Hirschtritt LLP
President, Hedge Fund Association

"Well conceived, well researched and well written. If you want to understand the benefits and risks of private placement life insurance, this is the place to start."
Glenn S. Daily, CFP, CLU, ChFC
Fee-only insurance consultant, New York, NY

"A unique and comprehensive guide to a complex subject."
Preston Tsao
Chairman, Metropolitan Circle of Private Investment, New York

"The PPLI Solution is a comprehensive multidisciplinary look at the emerging world of private placement life insurance. It is a must-read for anyone considering or advising on the purchase of one of these policies. Understanding private placement life insurance as a wealth management tool requires legal, investment, and insurance industry knowledge, and this book provides it all in a concise manner."
Steven M. Loeb, JD, LLM
Partner, Cleary Gottlieb Steen & Hamilton

"This book does an excellent job of demystifying PPLI. True professionals are attempting full disclosure and transparency in an area that begs for it. For families and their advisers who need to fully understand PPLI, this book is a winner."
Thomas R. Livergood
CEO, The Family Wealth Alliance

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Product Details

  • ISBN-13: 9781576601730
  • Publisher: Wiley
  • Publication date: 2/1/2005
  • Series: Bloomberg Financial Series, #3
  • Edition description: Earn 12 CE Credits
  • Edition number: 1
  • Pages: 400
  • Product dimensions: 9.21 (w) x 6.14 (h) x 0.81 (d)

Meet the Author

Kirk Loury is president and chief investment officer for Spencer Trask Asset Management, a wholly owned registered investment adviser of Spencer Trask & Co. Spencer Trask is a venture capital firm serving the private-equity needs of high-net-worth individuals and investment advisers. As chief investment officer, Loury directs the investment analysis of hedge funds and venture capital as asset classes, sets investment policy and practices, oversees portfolio administration, manages due diligence activities, and maintains the firm's external investment and distribution relationships. As a champion of private placement life insurance, Loury has taken on a broad industry role as an educator and portfolio adviser. He was an account executive at IBM and later joined New York Life. He received his BS from the University of Colorado, Boulder, and his MBA from the Harvard Graduate School of Business Administration.

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Table of Contents


About the Contributors.

Part One: The Multipurpose Policy.

1 An Introduction to PPLI (John B. Lawson).

2 Risk Management: Redefining Safe Harbors (Jeremiah Riddle).

3 Tax Management: Building Wealth, Reducing Taxes (Jeffrey S. Bortnick).

4 Asset Protection: Riches Out of Reach (Gideon Rothschild and Daniel S. Rubin).

5 Estate Planning: When Insurance Tames Taxes (Mike Chong).

6 Trust Administration: The Domestic Advantage (Al W. King III and Pierce H. McDowell III).

7 Executive Benefits: The Plan That Pays Its Way (Leslie N. Brockhurst).

Part Two: A Vital Investment Vehicle.

8 Toward a More Powerful Portfolio (Kirk Loury).

9 Who’s Afraid of Hedge Funds? (George Van and Daniel T. Hayden).

10 In Search of Skilled Investment Managers (Ronald J. Surz).

Part Three: Under the Hood—The Essentials on PPLI.

11 Policy Structure: The Good, the Bad, the Ugly (Paul F. Berlin).

12 Getting It Right: A Regulatory Overview (Maureen Nelson).

13 Investment Due Diligence: Beyond the Questionnaire (Keven de la Cruz).

14 Creating and Administering an Insurance-Dedicated Fund (Brent Kinetz).

15 Underwriting the Policy (Mike Chong and Anne Melissa Dowling).

16 Understanding and Comparing Costs (Susan Bruno).

17 Jurisdiction: Home or Away? (Peter M. Williams).

Part Four: Setting Up Shop.

18 Making a Place in Private Banking (Richard Brindisi).

19 The Family Office: A Perfect Fit (Kirk Loury and Mark Watson).

Continuing Education Exam.


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Customer Reviews

Average Rating 2.5
( 4 )
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Sort by: Showing all of 4 Customer Reviews
  • Anonymous

    Posted February 23, 2015

    Russia *History.*

    When Russia was traveling in the UnderWorld, when she'd just been told she was a Demon, she ran into a mighty Prince named Sitri. Sitri had about 60 legions, and he had soothed her to coming to his empire after telling her a bunch about himself, an example was that he was at his strongest point Mid-May. Russia was scared knowing his was on of the most powerful of the Demons, but she knew she'd have to make it through this time or she'll be killed within the matter of moments. Russia began to fall in love with the Demon without knowing it was his power to influence the love between men and women as they continued the seeing of one another. His power was used primarily on women, so she was the perfect project for Sitri, as he knew that he could own all of her secret at last. One day as Russia was roaming the halls of the empire, she came to a stop at the great doors of the kitchen as she heard her love, Sitri speaking to Seth, the Demon of Darkness. 'I'll soon have her secrets, her father had given her, where I can finally take over the UnderWorld.' Sitri hadn't heard as Russia sucked in a sharp breath, making her valuable exscape, leaving Sitri with none of her father's secrets exsposed to the depths of the UnderWorld. As Russia was roaming the UnderWorld once more, she encountered many of the high Demon such as; Aim- the Demon of Secrets, Ronove- the Demon of the hold that he can influece other to know nothing of trust, and Astaroth- the most powerful and respected Demon of them all. While in Ronove's clutches, Russia had learned to trust not of enemy and friend, and she holds that with her today. Astaroth had always been a motherly figure to Russia since the day they met, and they had become the greatest of friend with Russia not knowing if she'd turn around on her. One day as Russia was walking along the boiling cobble-stone road that was inriched in flames, Sitri appeared in her view, an agonizing smile reaching across his lips, Russia had made a run for it an managed to escape, and all while Sitri still haunts her dreams 'til this day, always searching. Russia knew that he could shape human any day he wanted and she'd be doomed, also knowing while he was in his human form he was handsome and dangerously charming. Without Russia knowing, Astaroth still watches over her, keeping the evil from reaching her once more.

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  • Anonymous

    Posted February 22, 2015


    Lol ur a little weird;) in a nice way:)

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  • Anonymous

    Posted February 22, 2015


    O0O e.e Can I post a comment here? xD Anyways, I like the bio. ESPECIALLY the dislike and likes. xD I died. Yup. #WeirdnessOut. -pewf-

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  • Anonymous

    Posted February 22, 2015


    (e.e You'd better appreciate this, I couldn't think of any damn clothes. *grumbles.* Whatever.) <p> Name: Russia Renesme Kougler. Perfect, I know. This isn't my real name, if you thought so. xD I've went my tons of name on Rp, but the main two are; Russia and Steam. <p> Gender: I'm honestly too sexy to be a male, so I'm obviously a female. Duh, but some boys can be sexy. o.o <p> Species: I'm an Demon, and in my Demon form I stand six foot into the air with a very angular body, also her fingernails grow to four-inch dagger-like claws that can slit a human throat with a regular one swipe. (You're welcome, Asmodeus.) <p> History: Whelp, that's unimportant. <p> Crush: e.e You people these days. Pffft. <p> Single: Heh, believe it or not, I'm single. <p> Persona: She can be a total bit<_>ch when she wants to be, and her usual attitude is pretty cocky. <p> Like: Not You. Chicken. Swimming. Drawing. Sparring. Slipknot. Pop. Rap. Eminem. Taylor Swift, yep I'm a Taylor Swift Girl. Icecream. Killing. <p> Dislikes: Again, you. Eh, too many to name. <p> Godly Parent: For DemiGod camps, Hades. <p> Apperance: Russia has a slim figure, with perfect curves and an overall tanned body. Long, black hair that seems to fall to her mid-shoulderblades that includes auburn highlights, natural. She has naturally bright, clear green eyes that has a bright white color that surrounds the pupil, fading into a dull green. Naturally arched eyebrows with high cheekbones, her nose is a cute up-turned snob nose. She has full lips which curved into their natural smug smirk. On her right hips is a tattoo of a heart that is emerged into bright, orange flames. On her lower back is a green snake that is curled around it's self with it's fangs bared, on her belly-button is a green piercing and a set of snake bites under her lower lip. When she smiles, she has natural cute dimples. e.e That's all I can remember. <p> Attire: Ugh. e.e She wears a pair of cut-off skinny jeans that reach a few inches below her ass with splotches of paint scattered l around the fabric, of many different colors. She wears a black and grey plaid spaghetti strap romper with a long sleeved lace caroigan over. Over her blouse is a black letter man jacket, that's a bit too big for her small figure. She wears a pair of black converse boots on her feet which reach her upper-shins with white laces. Good, I know. xD xD Simple clothing. <p> Nicknames: Russland (Fox calls me Russia in a forgein language.) Russ (I forget who calls me this.) e.e Creep Girl. Sexy. Hah. <p> Theme Song: 'Style' by Taylor Swift. 'He can't keep his wild eyes on the road...He takes me home, the light are off, he's taking off his clothes.' Love ittt. :D <p> Good Day, m'dear.

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