Private Placement Life Insurance
Private Placement Life Insurance is a tax-efficient tool used by ultra high net worth clients to grow their monetary wealth at a reduced cost. The individual’s assets are taken out of their taxable estate and placed in a life insurance (PPLI) policy. Within the PPLI vehicle, high tax costs are replaced with lower insurance costs thereby reducing the drag. This increases the client’s long-term after-tax wealth for themselves and their heirs.
Selling a Client’s Life Insurance Policy for Cash
Helping seniors liquidate an investment in a life insurance policy. Many advisors think that the only way for a senior to exit a life insurance policy is for them to cancel the policy and take the cash surrender value. Most advisors don’t realize that some of these policies could be sold on the life settlement market for 3-4 times the cash surrender value.
We help RIAs sell these policies in the life settlement market without paying the typical life settlement broker commission of 15%-30% of the offer price. Often times we can transact these cases at 5% or less of the total offer price.
This leaves more of the proceeds for the policyowner.