Senate Finance Committee Chairman Wyden Exposes Private Placement Life Insurance as Tax Shelter for Ultra-Wealthy Holding at Least $40B
February 22, 2024
February 22, 2024
WASHINGTON, Feb. 22 -- Sen. Ron Wyden, D-Oregon, chairman of the Senate Finance Committee, issued the following news release on Feb. 21, 2024:
Senate Finance Committee Chairman Ron Wyden, D-Ore., today released the results of an 18-month investigation into the use of private placement life insurance (PPLI) as a "buy, borrow, die" tax shelter for the ultra-wealthy. The investigation, the first of its kind into PPLI, found that the domestic PPLI industry is now a tax shelter . . .
Senate Finance Committee Chairman Ron Wyden, D-Ore., today released the results of an 18-month investigation into the use of private placement life insurance (PPLI) as a "buy, borrow, die" tax shelter for the ultra-wealthy. The investigation, the first of its kind into PPLI, found that the domestic PPLI industry is now a tax shelter . . .