Ever since the Internal Revenue Service’s introduction of the safe harbor rules for private placement life insurance (PPLI) in 2003, this vehicle has steadily grown in popularity.1 Interest in the product has been even more robust lately, as families face higher income tax rates (after the repeal of the Bush tax cuts at the end of 2012) and the new Medicare tax on investment income. Maybe because people are beginning to expect better
ARTICLE ACCESS REQUIRED
Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).
If you are interested in unlimited article access for one year, please select Annual Subscription below.