|
|
Article: Private Placement VL Is Next Big Thing.(private placement variable life)(Brief Article)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- May 29, 2000
- Author:
CopyrightCOPYRIGHT 2000 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The "next big thing" in the insurance industry seems to come along every few years or so. You know a next big thing by the buzz that starts. After the buzz come the conference sessions and keynote speakers. By the time the consultants and institutions jump abroad, the next big thing has really arrived.
Well, private placement variable life for wealthy individuals is the next big thing. As the next big thing, it is likely to follow the trajectory of other recent big things, such as charitable split-dollar and accelerated charitable remainder trusts.
Why private placement variable life bears close watching is that it may bring the government into the ...