Loury The PPLI Solution

Delivering Wealth Accumulation, Tax Efficiency, and Asset Protection Through Private Placement Life Insurance
1. Auflage 2010
ISBN: 978-0-470-88294-8
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 368 Seiten, E-Book

Reihe: Bloomberg Professional

Private placement life insurance (PPLI) was once the exclusivedomain of wealthy investors willing to tackle the logisticalchallenges of the offshore insurance market. The investmentportfolio, tax, and estate-planning applications, and ongoinginvestment potential of these policies made the effort worthwhile.In recent years, though, a number of U.S.-based insurance companieshave 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 todetail the best practices--until now. The PPLI Solutioncan serve as a resource for effective execution. Written by leadingpractitioners, the book will position advisers to capitalize asPPLI expands further into the high-net-worth market and becomesavailable to individuals with an investable net worth as low as $1million.
Few investors--whatever their net worth--will want toventure into the PPLI market without guidance. The PPLISolution addresses the needs of investment managers,consultants, attorneys, and accountants who want to achieve thebroad understanding of PPLI's applications required of thoseproviding advice. It can serve as an authoritative source foranyone--including investors--seeking to know more aboutPPLI's nearly perfect tax efficiency, solid creditorprotection, and powerful means of creating wealth.

Autoren/Hrsg.

Loury, Kirk

Inhaltsverzeichnis

Preface.
About the Contributors.
Part One: The Multipurpose Policy.
1 An Introduction to PPLI (John B. Lawson).
2 Risk Management: Redefining Safe Harbors (JeremiahRiddle).
3 Tax Management: Building Wealth, Reducing Taxes (Jeffrey S.Bortnick).
4 Asset Protection: Riches Out of Reach (Gideon Rothschildand Daniel S. Rubin).
5 Estate Planning: When Insurance Tames Taxes (MikeChong).
6 Trust Administration: The Domestic Advantage (Al W. KingIII 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 DanielT. Hayden).
10 In Search of Skilled Investment Managers (Ronald J.Surz).
Part Three: Under the Hood--The Essentials onPPLI.
11 Policy Structure: The Good, the Bad, the Ugly (Paul F.Berlin).
12 Getting It Right: A Regulatory Overview (MaureenNelson).
13 Investment Due Diligence: Beyond the Questionnaire (Kevende la Cruz).
14 Creating and Administering an Insurance-Dedicated Fund(Brent Kinetz).
15 Underwriting the Policy (Mike Chong and Anne MelissaDowling).
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 (RichardBrindisi).
19 The Family Office: A Perfect Fit (Kirk Loury and MarkWatson).
Continuing Education Exam.
Index.

Über Autor(innen)

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.