For most Americans, the term Private Placement Life Insurance, or PPLI, is financial gibberish. But for the ultra-wealthy, those who represent the top 0.1% in the wealthy pyramid, that acronym represents financial freedom from the coming Democratic tax hike tsunami.
As many ultra wealthy Americans – those whose net worth is $20 million and over – scramble for places to hide from Democrat plans to hike their taxes, many on Wall Street think they’ve found just the thing, and asBloomberg reportstoday the tax oasis is a niche strategy calledprivate placement life insurance,which is was already gaining popularity among the very rich for its ability to shield fortunes from taxes. Advisers to the top 0.1% already say it’sdominating conversations with their clients.
The threat of higher taxes, which President Biden has affectionately called making billionaires and millionaires pay their “fair share”, isn’t the only factor sparking interest…
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