The high-net-worth PPLI marketplace has started to resemble the retail VUL marketplace but with institutional pricing and investment options that are more sophisticated. In my view this has occurred for two reasons. First, specialty life insurers have achieved a level of success that they no longer have to incur unnecessary business and tax risk. Second, large fund aggregators such as the SALI Fund have such a dominant competitive footprint in the domestic marketplace, so that the Moon is…
By: Gerald Nowotny – Law Office of Gerald R.