Draft Legislation and Other Matters Threatening Private Placement Life Insurance


Justified or not, some members of Congress and the IRS are passionate about eliminating tax benefits associated with Private Placement Life Insurance (“PPLI”). The problem, according to those urging a legislative change, is that only certain taxpayers are financially able to access PPLI and this limitation somehow undermines the congressional purpose for offering insurance-related tax inducements. This article, which builds on an earlier one, explains the main benefits of PPLI, chronicles major events over the past decade, and examines the draft legislation that has the potential to upend present treatment of PPLI.

Read the full article here.

About Hale E. Sheppard
HALE E. SHEPPARD, Esq. (B.S., M.A., J.D., LL.M., LL.M.T.) is a partner at Eversheds Sutherland.  He defends clients in tax audits, tax appeals, and Tax Court litigation, covering both domestic and international issues.




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