{"product_id":"the-ppli-solution-isbn-9781576601730","title":"The PPLI Solution","description":"Private placement life insurance (PPLI) was once the exclusive domain of wealthy investors willing to tackle the logistical challenges of the offshore insurance market. The investment portfolio, tax, and estate-planning applications, and ongoing investment potential of these policies made the effort worthwhile. In recent years, though, a number of U.S.-based insurance companies have developed similar policies that meet all U.S. insurance, investment, and tax regulations.  \u003cp\u003ePPLI is becoming a fundamental component of effective tax, trust, and estate planning, but few sources have been available to detail the best practices—until now. \u003ci\u003eThe PPLI Solution\u003c\/i\u003e can serve as a resource for effective execution. Written by leading practitioners, the book will position advisers to capitalize as PPLI expands further into the high-net-worth market and becomes available to individuals with an investable net worth as low as $1 million.\u003c\/p\u003e \u003cp\u003eFew investors—whatever their net worth—will want to venture into the PPLI market without guidance. \u003ci\u003eThe PPLI Solution\u003c\/i\u003e addresses the needs of investment managers, consultants, attorneys, and accountants who want to achieve the broad understanding of PPLI's applications required of those providing advice. It can serve as an authoritative source for anyone—including investors—seeking to know more about PPLI’s nearly perfect tax efficiency, solid creditor protection, and powerful means of creating wealth.\u003c\/p\u003e  Preface.  \u003cp\u003eAbout the Contributors.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One: The Multipurpose Policy.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 An Introduction to PPLI (\u003ci\u003eJohn B. Lawson\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e2 Risk Management: Redefining Safe Harbors (\u003ci\u003eJeremiah Riddle\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e3 Tax Management: Building Wealth, Reducing Taxes (\u003ci\u003eJeffrey S. Bortnick\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e4 Asset Protection: Riches Out of Reach (\u003ci\u003eGideon Rothschild and Daniel S. Rubin\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e5 Estate Planning: When Insurance Tames Taxes (\u003ci\u003eMike Chong\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e6 Trust Administration: The Domestic Advantage (\u003ci\u003eAl W. King III and Pierce H. McDowell III\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e7 Executive Benefits: The Plan That Pays Its Way (\u003ci\u003eLeslie N. Brockhurst\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two: A Vital Investment Vehicle.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8 Toward a More Powerful Portfolio (\u003ci\u003eKirk Loury\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e9 Who’s Afraid of Hedge Funds? (\u003ci\u003eGeorge Van and Daniel T. Hayden\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e10 In Search of Skilled Investment Managers (\u003ci\u003eRonald J. Surz\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three: Under the Hood—The Essentials on PPLI.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11 Policy Structure: The Good, the Bad, the Ugly (\u003ci\u003ePaul F. Berlin\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e12 Getting It Right: A Regulatory Overview (\u003ci\u003eMaureen Nelson\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e13 Investment Due Diligence: Beyond the Questionnaire (\u003ci\u003eKeven de la Cruz\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e14 Creating and Administering an Insurance-Dedicated Fund (\u003ci\u003eBrent Kinetz\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e15 Underwriting the Policy (\u003ci\u003eMike Chong and Anne Melissa Dowling\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e16 Understanding and Comparing Costs (\u003ci\u003eSusan Bruno\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e17 Jurisdiction: Home or Away? (\u003ci\u003ePeter M. Williams\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four: Setting Up Shop.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18 Making a Place in Private Banking (\u003ci\u003eRichard Brindisi\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003e19 The Family Office: A Perfect Fit (\u003ci\u003eKirk Loury and Mark Watson\u003c\/i\u003e).\u003c\/p\u003e \u003cp\u003eContinuing Education Exam.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eKIRK LOURY\u003c\/b\u003e is president and chief investment officer for Spencer Trask Asset Management, a wholly owned registered investment adviser of Spencer Trask \u0026amp; Co. Spencer Trask is a venture capital firm serving the private-equity needs of high-net-worth individuals and investment advisers. As chief investment officer, Loury directs the investment analysis of hedge funds and venture capital as asset classes, sets investment policy and practices, oversees portfolio administration, manages due diligence activities, and maintains the firm’s external investment and distribution relationships. As a champion of private placement life insurance, Loury has taken on a broad industry role as an educator and portfolio adviser. He was an account executive at IBM and later joined New York Life. He received his BS from the University of Colorado, Boulder, and his MBA from the Harvard Graduate School of Business Administration.\u003c\/p\u003e  \u003cp\u003ePrivate placement life insurance was once the exclusive domain of wealthy investors willing to tackle the logistical challenges of the off-shore insurance market. The investment portfolio, tax, and estate-planning applications and ongoing investment potential of these policies made the effort worthwhile. In recent years, though, a number of U.S.-based insurance companies have developed policies that meet all U.S. insurance, investment, and tax regulations. \u003c\/p\u003e\u003cp\u003e PPLI is becoming a fundamental component of effective tax, trust, and estate planning, but few sources have been available to detail the best practices—until now. \u003ci\u003eThe PPLI Solution\u003c\/i\u003e can serve as a resource for effective execution. Written by leading practitioners, the book will position advisers to capitalize as PPLI expands further into the high-net-worth market and becomes available to individuals with an investable net worth as low as $1 million. \u003c\/p\u003e\u003cp\u003e Few investors—whatever their net worth—will want to venture into the PPLI market without guidance. \u003ci\u003eThe PPLI Solution\u003c\/i\u003e addresses the needs of investment managers, consultants, attorneys, and accountants who want to achieve the broad understanding of PPLI’s applications required of those providing advice. It can serve as an authoritative source for anyone—including investors—seeking to know more about PPLI’s nearly perfect tax efficiency, solid creditor protection, and powerful means of creating wealth. \u003c\/p\u003e   \"\u003cb\u003eA timely and well-written volume, especially for the 'hedge fund age' that now dominates the current investment climate.\u003c\/b\u003e It is difficult if not impossible to take advantage of these new opportunities without proper guidance, and Van's and Hayden's chapter about incorporating hedge funds into private placement life insurance is a primer for those attracted to the subject. The due-diligence guide contains practical insights and a 'what to watch for' section that can serve to avoid costly mistakes.\"\u003cbr\u003e —\u003cb\u003eMichael G. Tannenbaum, Esq.\u003cbr\u003e \u003c\/b\u003ePartner, Tannenbaum Helpern Syracuse \u0026amp; Hirschtritt LLP\u003cbr\u003e President, Hedge Fund Association  \u003cp\u003e\"\u003cb\u003eWell conceived, well researched and well written.\u003c\/b\u003e If you want to understand the benefits and risks of private placement life insurance, this is the place to start.\"\u003cbr\u003e —\u003cb\u003eGlenn S. Daily, CFP, CLU, ChFC\u003c\/b\u003e\u003cbr\u003e Fee-only insurance consultant, New York, NY\u003c\/p\u003e \u003cp\u003e\"A \u003cb\u003eunique and comprehensive\u003c\/b\u003e guide to a complex subject.\"\u003cbr\u003e —\u003cb\u003ePreston Tsao\u003cbr\u003e \u003c\/b\u003eChairman, Metropolitan Circle of Private Investment, New York\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eThe PPLI Solution\u003c\/i\u003e is a comprehensive multidisciplinary look at the emerging world of private placement life insurance. It is a must-read for anyone considering or advising on the purchase of one of these policies. \u003cb\u003eUnderstanding private placement life insurance as a wealth management tool requires legal, investment, and insurance industry knowledge, and this book provides it all in a concise manner\u003c\/b\u003e.\"\u003cbr\u003e —\u003cb\u003eSteven M. Loeb, JD, LLM\u003cbr\u003e \u003c\/b\u003ePartner, Cleary Gottlieb Steen \u0026amp; Hamilton\u003c\/p\u003e \u003cp\u003e\"This book \u003cb\u003edoes an excellent job of demystifying PPLI.\u003c\/b\u003e True professionals are attempting full disclosure and transparency in an area that begs for it. For families and their advisers who need to fully understand PPLI, this book is a winner.\"\u003cbr\u003e —\u003cb\u003eThomas R. Livergood\u003cbr\u003e \u003c\/b\u003eCEO, The Family Wealth Alliance\u003c\/p\u003e","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":47990318629093,"sku":"NP9781576601730","price":90.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781576601730.jpg?v=1761787336","url":"https:\/\/k12savings.com\/es\/products\/the-ppli-solution-isbn-9781576601730","provider":"K12savings","version":"1.0","type":"link"}