For the **Ultra-High-Net-Worth (UHNW)** segment, **Private Placement Life Insurance (PPLI)** represents the pinnacle of tax-efficient, customized wealth management. PPLI is essentially a Variable Universal Life (VUL) policy sold exclusively through private offerings, often leveraging the…
The **Section 162 Executive Bonus Plan** is one of the simplest yet most effective ways for corporations to provide non-qualified benefits to key executives using permanent life insurance. Unlike complex Split-Dollar or Non-Qualified Deferred Compensation…
In the dynamic landscape of financial planning, a life insurance policy purchased decades ago may no longer align with a policyholder's current objectives. It may be underperforming, overpriced, or simply obsolete compared to modern products…
For a contract to qualify as "life insurance" under U.S. tax law—and thus benefit from tax-deferred cash value growth and tax-free death benefits—it must satisfy the strict definitions outlined in **Internal Revenue Code (IRC) Section…
For nearly four decades, the actuarial definition of "life insurance" for tax purposes was governed by static interest rate assumptions codified in the 1980s. However, the **Consolidated Appropriations Act (CAA) of 2021** introduced a historic…