PPLI – Private Placement Life Insurance

2010s

2012 – Journal of Taxation of Investments – Using Private Placement Insurance Products to Achieve Tax Efficiency for High Net Worth Investors, by Gary R. Nowotny – 26p – [Automatic – download – jdsupra.com/legalnews/using-private-placement-insurance-produc-59691/
2012 – SOA – soa.org/globalassets/assets/Library/Newsletters/Taxing-Times/2012/february/tax-2012-vol8-iss1.pdf

2020s

2022 0921 – Letter – GOV (Senate) – Ron Wyden (D-OR) Continues Investigation Into Private Placement Life Insurance Schemes [PPLI] – [link]
2022 0921 – Letter- GOV (Senate) – Ron Wyden (D-OR) to Prudential Life – re Private Placement Life Insurance (PPLI) – 4p
2024 0221 – Report – GOV – (Senate) – Private Placement Life Insurance: Tax Shelter for the Wealthiest, Ron Wyden (D-OR) – 21p

Many of our clients are talking to us about using hedge funds inside of life insurance products.
Typically in today’s private placement life insurance marketplace, we see at least two or three hedge funds in any private placement products: Met Life; Pacific Life; Equitable; The New England, which is part of Met Life; and I think The Hartford. The private placement products are being set up with hedge fund investments because companies love to be able to make that 8 percent, but how great would it be to make the 8 percent and not pay 3 percent or 4 percent in tax, because there’s no more tax-inefficient investment than a hedge fund. What if you were able to eliminate the tax? It’s food for thought. What I’m covering is funding benefit plans, but as an aside, the hedge fund interest from our clients has peaked.

— David S. Hauptman

2003 – SOA – Pension Plan Investment Strategies, rsa03v29n311pd – Society of Actuaries – 29p

14) revisions capture disclosure for year-end 2018 reporting information on the insurer issuance of private placement life insurance and private placement variable annuities.
In addition, the Working Group requested comments from the industry on characteristics differentiating private placement products that are investment-focused and the traditional life products intended to be captured under SSAP No. 21-Other Admitted Assets when the insurer holds the product as owner and beneficiary. (10-496)

2018 Spring – NAIC Proceedings –