Areas of Practice

Private Placement Life Insurance

Private placement is in itself a creative practice. It requires finesse, strategic structuring, and, in many ways, empathy. Private placement life insurance (“PPLI”) is a type of variable universal life insurance (“VUL”) that is only offered to Qualified and Accredited investors privately and not through a public offering. PPLI can be utilized as a tax strategy that transforms ordinary taxable income and capital gains into tax-free income without income reporting requirements. According to the IRS Private Letter Ruling, May 2, 2002, a PPLI policy will provide compliant, tax-free compounded earnings for any U.S. individuals with investment income. A PPLI policy is variable, which allows the insurance company to invest the majority of the premiums in a legally separate, segregated account to be managed by either an investment manager or the insurance company itself. There are no guarantees when it comes to investment performance. PPLI has cash value linked to the performance of one or more investment accounts within the policy insurance and is offered without a formal securities registration.

Private Placement Variable Annuity

A Private Placement Variable Annuity (“PPVA”) enables Qualified and Accredited Investors to defer income tax on investment gains and, therefore, should be thought of as a “tax-deferred investment account.” Investors can make deposits and take distributions from these accounts with the same flexibility as any other investment account. The owner of the PPVA Investment Account always remains in control of the assets within the account. The owner can make deposits, adjust the asset allocation among various investment options, and change the beneficiary designation at any time. PPVA Investment Account does not have features such as income guarantees or principal protection. As a result, PPVA investment accounts have substantially lower fees than traditional retail annuities. PPVA is offered without a formal securities registration

*There’s a 10 percent excise tax levied on any deferred investment gains distributed from the account before the owner’s age of 59½. After 59½, deferred investment gains will be taxed as ordinary income.

Traditional Life Insurance

 Life is an ever-changing and evolving phenomenon that changes with no necessary notice. Be prepared for the unexpected. Our experienced Life team draws upon our wealth of top-rated carriers to find our clients the best offers for whole life, universal life, and term life policies. We utilize advanced marketing concepts designed to meet the needs of specific target markets and keep on the leading edge of what’s evolving in the marketplace. Private Life Solutions is also uniquely positioned to handle impaired risk cases with direct access to underwriters and medical directors. We pride ourselves in transparency when navigating the murky waters of life insurance and other life products.

We follow a 3 step strategy to keep it simple:

1. Educate on the Planning Strategy

2. Select the Appropriate Product and Design

3. Package the Plan and Financial Underwriting Analysis for Carrier Submission

Annuity

Annuity payments can be for a specified period or a lifetime. An annuity is an insurance product that pays out income and can be used as a retirement strategy. An annuity makes payments on a future date or series of dates. The income received from an annuity can be paid out monthly, quarterly, annually, or even in a lump sum payment. Various factors determine the fees' size and can be tax-deferred.

For Our Clients

Insurance products are constantly changing and improving. Our comprehensive policy review evaluates your life insurance coverage. PLS life reviews and analysis includes:

• Needs assessment

• Review of policy ownership, beneficiary, and product type relative to current objectives

• Evaluation of underwriting class

• Policy performance of future cash values and death benefits based upon current results as compared to original expectations

• Evaluation of policy charges and assumptions

• Assessment of possible rate class improvements

• Evaluation of the financial ratings of the insurance carrier

• Evaluation of restructuring strategies such as consolidation and 1035 exchanges

• Evaluation of whether there is a more cost-effective way to help achieve future goals

• A comprehensive survey of current insurance products to determine the most favorable pricing

Disclosure: Private Placement Life Insurance and Annuities are unregistered products and not subject to the exact regulatory requirements as registered products. As such, Private Placement Life Insurance and Annuities can only be offered to accredited investors or qualified purchasers as described by the Securities Act of 1933.