Winged Keel Group and Family Enterprise USA Action Leaders Discuss How PPLI Offers Tax-Efficient Investment Strategies for Ultra-High-Net-Worth Families
Family-owned businesses evaluating estate planning, business transition, and long-term wealth transfer strategies may benefit from private placement life insurance strategies, according to a recent webcast with Winged Keel Group and Family Enterprise USA Action.
The webcast, entitled “Understanding the PPLI Opportunity, The Basics and Beyond,” details how private placement life insurance strategies can serve as a flexible planning tool for sophisticated families, family offices, and family-owned businesses seeking tax-efficient investment and wealth transfer strategies.
The discussion, moderated by Pat Soldano, President, Family Enterprise USA Action and Family Enterprise USA, features Eric Naison-Phillips, Chief Executive Officer, Winged Keel Group, and Mark J. Richards, Principal, Winged Keel Group.
Founded in 1989, Winged Keel Group is an independent life insurance advisory firm specializing in the design, implementation, and ongoing administration of sophisticated life insurance strategies for ultra-high-net-worth families.
“PPLI is an effective option for families focused on a achieving a variety of planning objectives,” said Naison-Phillips. “With hundreds of investment options, considerable flexibility, and meaningful tax-efficiency, PPLI is an incredibly powerful structure for those family businesses looking to maximize returns.”
Since its founding, Winged Keel has helped clients acquire more than $125 billion in coverage and today serves clients through a team of 140 professionals nationwide. Winged Keel is widely recognized as a leader in Private Placement Life Insurance design and implementation for ultra-high-net-worth families and family offices.
Richards added that PPLI strategies are particularly effective when integrated into a broader wealth transfer strategy, enhancing after-tax yields,” and helping fund estate and liquidity liabilities.
“These webcasts are designed to bring new ideas, strategies, and tools to help family-owned businesses, family office managers, and successful families navigate today’s challenging economic and policy environment,” said Soldano. “PPLI may be a complementary solution to other planning strategies for family businesses and successful families to investigate.”
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The need for fact-based reporting of issues important to family owned businesses and protecting a lifetime of savings has never been greater. Now more than ever, successful families and family owned businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to family owned businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.