LETTERS TO THE EDITOR

THE PROBLEM WITH PROBLEMS WITH PPLI Richard Harris' article in the May issue, The Problems with PPLI (page 40) contains many inaccuracies and over-simplifications that require clarification. While it would be too unwieldy to counter each inaccuracy, there is a glaring error that must be corrected. The author references a two-year-old private letter ruling and revenue rulings from last year to claim

THE PROBLEM WITH “PROBLEMS WITH PPLI”

Richard Harris' article in the May issue, “The Problems with PPLI” (page 40) contains many inaccuracies and over-simplifications that require clarification. While it would be too unwieldy to counter each inaccuracy, there is a glaring error that must be corrected. The author references a two-year-old private letter ruling and revenue rulings from last year to claim that “suddenly” private placement life insurance is not so attractive. Harris

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