In an ILIT, the grantor or creator of the trust cannot change the terms or beneficiaries of the trust, just like any irrevocable trust. However, grantors may place one or more life insurance policies ...

Private placement life insurance (PPLI) is a sophisticated financial instrument designed for wealthy families who seek to combine life insurance with investment opportunities. PPLI provides tax ...

Should you name your living trust as the beneficiary of your life insurance policy? Is it better to name specific individuals as direct beneficiaries? This decision can have significant implications ...

See the tax advantages and downsides.