PROGRAM OVERVIEW

Due to a 2021 Act signed into law by President Trump that changed the IRC definition of life insurance, the effectiveness of life insurance policies utilized for income tax-free accumulation was vastly increased. As a result, one such type of policy only available to individuals who are accredited investors and qualified purchasers, private placement life insurance (PPLI), has increased in popularity for applications involving tax-efficient wealth transfer planning.

This course will examine the causes behind PPLI’s increase in use, the product’s structure and tax benefits, client suitability, statutory rules for use and the underlying investment options. A case study will detail the use of PPLI for income tax-free wealth transfer over multiple generations.

Speaker:  

Jay C. Judas is the CEO of Life Insurance Strategies Group, an independent life insurance advisory firm,

and the co-author of the 2024 PPLI Market Report. He provides strategy, validation and structure to a wide range of individual and corporate life insurance clients globally. His firm does not sell products.

Jay is a former senior executive with Old Mutual Group where he served as member of the carrier’s extended international group executive as the Senior Vice President and Chief Distribution Officer of Global High-Net-Worth Distribution. He has held Senior Vice President roles with carriers Sun Life Financial, Crown Global Insurance Company, and BF&M Insurance Group.

Jay holds a JD from Rutgers University School of Law, a M.Sc. in Leadership from Northeastern University, and a BA in Communications from the University of Northern Iowa. He is a longtime member of Finseca and a board director of four life insurance companies in the UK Commonwealth.

One Education Credit for CLE-Ethics (PA Only), Insurance (PA Only), CFP, CPA (PA Only), PACE and CTFA will be offered.