Who Purchases PPLI?
High net worth individuals want to globalize their holdings and protect them from creditor risk. PPLI is an excellent asset preservation vehicle, particularly when coupled with sophisticated offshore planning. Offshore PPLI, combined with offshore trusts achieve the goals of income, estate, gift and generation–skipping transfer tax planning along with wealth preservation planning. Many offshore jurisdictions offer legislation which include a pro–debtor regime, as well as greater confidentiality and financial privacy. Similar laws in the U.S.
