PPLI Solution
A compilation of expert views on Private Placement Life Insurance (PPLI) that explains the roles of the multiple professional specialties involved.
Private Placement Life Insurance (PPLI) is a new tool increasingly used by advisers of high-net-worth individuals. This compilation of expert views is the first authoritative reference and guidebook on this powerful vehicle, explaining the roles of the multiple professional specialties involved.
PPLI enables tax-free growth of potentially high-performing alternative investments, such as hedge funds and private equity, inside a privately negotiated insurance contract. It preserves wealth because insurance death benefits generally are exempt from estate taxes and creditors. PPLI has applications in tax management, asset protection, charitable giving, estate planning, trust administration and executive benefits
BOOK DETAILS :Hardback, 400 Pages, Dimensions 234 x 156 MM Language English.
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
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.