Private Placement Life Insurance Concept

Integrating personal investment portfolio into a secure and confidential wealth management solution

Private Placement Life Insurance (PPLI) is fast appealing to affluent people all over the world as an effective wealth management solution. The recent changes and implementation of the Common Reporting Standards, and Exchange of Information regulations have rendered traditional fiduciary solutions ineffective somewhat. This has affected HNWIs seeking legally secured structures when it comes to planning solutions.

Although most investors are drawn to PPLI for its tax benefits, investment flexibility and price structure, many in Asia regard the wealth transfer mechanism, asset protection and death benefit as key and important features.

Wealth structuring for customers

This is how it works. The customer transfers in full or a part of their assets (possible via in speciel transfer) as insurance premiums into a customized insurance solution. Customers have a range of options in the design of the investment instruments provided by private banks or asset/fund managers.

The chosen Life Insurance Company remains the proprietor of the investment for the duration of the policy. Any returns on this investment – after deduction of fees/withholding tax (where applicable) at source – formally go to the Life company. The investments in the insurance deposit account and the returns achieved during the term of insurance are therefore, in principle, not subject to tax on the policyholder’s part. At the end of the policy term, the Life Insurance Company passes the returns on to the customers, while itself earn the agreed administrative fee during the term of contract.

Complementary partnership

Whereas, in traditional life insurance, banks, asset managers and insurance companies vie for the assets of individual customers, this form of business sees them working as partner. The responsibility for managing the assets (typically paid as Single Premium for such policies) placed with the insurance company , rests with the customers and their banks and asset managers, with little changes in the relationship between customer and financial institutions. Customers are free to change the structure of their “deposit” during the policy term. PPLI Asia already cooperates with a large number of banks, insurance companies and asset managers worldwide.

Involvement of an Insurance Company in Wealth Preservation and Asset Protection

While buying life insurance is not an exciting topic for most people, a private placement life Insurance policy is an essential component of this planning and, when properly established, extensive advantages can be obtained.

Flexible & Effective Estate Planning

The income tax benefits of life insurance include: (1) tax-free earnings (dividends, interest, and capital gain) on policy assets; (2) the ability to withdraw and to borrow assets from the policy cash value free of income tax (with proper structuring); and (3) the receipt of policy proceeds by the policy beneficiaries at the death of the insured by contract i.e. as directed by the Policyholder.

One step ahead

We can advise on which Life Company, how to structure a portfolio and which Legal Jurisdiction may provide the most suitable PPLI solution for each international HNWI.

PPLI Asia specializes in bespoke structured life insurance solutions and the legacy planning needs for high net worth individuals. Working closely with our various partners and stakeholders, we are confident that we can help our HNWI clients to achieve their wealth management goals.

私募寿险概念

将个人投资集成一个安全，保密的财富管理解决方案

私募寿险概念为一种有效的财富管理解决方案正迅速地吸引全世界富裕人群的关注。最近共同报告标准和情报交换条例的变化和实施已经使传统的受托方案在某种程度上有所无效。这影响了在寻找合法规划解决方案的高净值人士。

虽然大部分投资者是被私募寿险的税务效益，投资灵活性和价格结构吸引，但大部分亚洲投资者把它的关键和重要功能视为财富转移机制，资产保护和死亡抚恤金。

客户财富结构管理

客户以全部或部分资产（可通过现款转移）作为保费转入定制的保险解决方案。客户在设计私人银行或资产/基金经理提供的投资工具方面拥有一系列的选择。选定的人寿保险公司在保单期间是投资原主。这项投资的任何回报 - 在源头扣除费用/预提税（如适用）后 - 正式归人寿保险公司所有。因此，保险存款账户的投资和保险期间的回报原则上不对保单持有人征税。在保单期限结束时，人寿保险公司将所获的回报转移给客户，同时在合同期内自行获得约定的管理费。

互相受益的合作伙伴

在传统的人寿保险和银行中，资产管理经理和保险公司都在争夺个人客户的资产。但私募寿险把客户视为伙伴。管理放在于保险公司的资产（通常以单一保费支付）将是客户和他们的银行与资产管理经理的责任。客户与金融机构之间的关系变化不大。在合同期内，客户可自由更改“存款”的结构。PPLI Asia与全球众多银行，保险公司和资产管理经理有所合作关系。

保险公司参与财富保值和资产保护

虽然购买人寿保险并不是有趣的论题，但是私募寿险是该计划的重要组成部分，如果建立得当，可带来广泛的优势。

灵活有效的遗产规划

人寿保险的所得税优惠包括(1)合同资产免税收入(股息，利息和资本收益)；（2）在必须的情况下可免征所得税地动用资产（需适当的结构）；（3）受益人在被保人过世后豁免遗嘱认证。

领先一步

我们为国际高净值人士提供的服务包括推荐人寿保险公司，构建投资组合与推荐在不同的法律管辖权内最合适的私募寿险。

PPLI Asia专注于定制人寿保险解决方案以及高净值个人的遗产规划需求。通过与我们的合作伙伴和利益相关方的密切合作，我们能帮助我们的高净值客户实现其财富管理目标。

Cross Jurisdictions Setup

PPLI Asia has been very successful in partnering with cross jurisdictions companies life insurance companies by sharing its technical expertise and market knowledge. Our clients have benefitted from our innovative financial solutions on the best inheritance placement in the market. We thrive on cross-border asset transfers and legacy planning.

Variable Universal Life (VUL)

Variable universal life (VUL) is a Whole of Life Investment Linked policy . It is a type of permanent life insurance policy with a built-in investment component that allows for the investment of the cash value . Like standard universal life insurance, the premium is flexible.

VUL insurance however, has a custodian account sometimes called a subaccount that allow for the investment of various investment instruments. The function of the subaccounts is segregated in most cases from a typical life insurance premium pool. The Policyholder or his own appointed asset manager is responsible for the performance of the insurance portfolio. Exposure to market fluctuations can generate significant returns, but may also result in substantial losses. This insurance gets its name from the varying results of investment in the ever-fluctuating market affecting the cost of insurance. If used wisely, VUL insurance offers increased flexibility and growth potential over a traditional cash value or whole life insurance policy.

变额万能寿险(VUL)

变额万能寿险（VUL）是终身寿险投资连结保单。这是一种内置投资性质的永久性寿险保单，其现金价值的部分可用于投资。像万能寿险，变额万能寿险的保费也是灵活的。

但是，变额万能寿险有一个托管帐户，有时也称为子帐户。这账户允许各种投资工具进行投资的。 在大多数情况下，子帐户的功能与典型人寿保险保费池是分开的。保单持有人或其指定资产经理会负责保险组合的绩效。但承受市场波动可能会产生可观的回报，也可能造成重大损失。 该保险的名称来自在瞬息万变的市场中，不同的投资结果可影响此保单的投资回报率及保险费用。 若使用得当，变额万能寿险会比传统现金价值或人寿保险拥有更大的灵活性及增长潜力保险政策。

Legacy Wealth Management

PPLI Asia is a financial advisory firm, offering the experience and advice of professionals who will help you understand the opportunities and potential rewards when you take a proactive approach to your personal wealth management and fiduciary planning. We take pride in helping our clients to maintain confidentiality as well as to achieve and preserve financial integrity.

PDP Policy

Statement of Personal Data Protection

This Personal Data Policy (“PD Policy”) sets out how PPLI Asia Pte Ltd (“PPLIA”) and its directors, employees and representatives (collectively, “PPLIA”, “we”, “us”, “our”) collect, use, disclose and retain your personal data.

"Personal Data" refers to any data, whether true or not, about an individual who can be identified
(a) from that data; or
(b) from that data and other information to which PPLIA has or is likely to have access.
Examples of such Personal Data you may provide to us include (depending on the nature of your interaction with us) your name, NRIC, passport or other identification number, telephone number(s), mailing address, email address and any other information relating to any individuals which you have provided us in any forms you may have submitted to us, or via other forms of interaction with you.

This PD Policy provides you with notice as to what and how Personal Data is collected, how it is intended to be used, to whom your Personal Data may be transferred to, how to access, review and amend your personal data and our policy on the use of cookies.

PPLIA recognises its responsibilities in relation to the collection, holding, processing or use of Personal Data. The provision of your Personal Data is voluntary. You may choose not to provide us with the requested data, but failure to do so may inhibit our ability to do business with or provide services to you. PPLIA also endeavours to take all reasonable measures to ensure that any party to which it transfers or allows access to your Personal Data complies with this PD Policy.

Collection of Personal Data

Generally, we collect Personal Data in the following ways, when:

1. you submit a proposal form to the insurer or other forms relating to any of our services;
2. you enter into any agreement or provide other documentation or information in respect of your interactions and transactions with us, or when you use our services;
3. you interact with our Sales Directors, e.g. emails;
4. you use some of our services e.g. those provided on our websites;
5. a client takes up an insurance policy for your benefit or appoints you as the life assured;
6. you request that we contact you, be included in an email or hi mailing list; or when you respond to our request for additional Personal Data;
7. you submit a job application;
8. we receive references from business partners and third parties, for example, where you have been referred by them;
9. we seek or receive information from third parties about you in connection with your policy, policy applications, claims or job applications, for example, from other insurers, insurance associations, hospitals, clinics, motor workshops, your ex-employer and the relevant authorities; or
10. you submit your Personal Data to us for any other reasons.

By providing us with any Personal Data relating to a third party (e.g. insured persons, family members, and beneficiaries), you represent and warrant that you shall ensure accuracy of such Personal Data provided and have obtained such third party’s prior consent for our collection, use and disclosure of such third party’s Personal Data for the relevant purposes, except to the extent that such consent is not required under relevant law. You further agree to keep us fully indemnified from and against any and all damages, losses, costs, legal fees (solicitor-client basis), penalties and proceedings, including any penalties or other amounts levied, imposed or charges by any regulator or regulatory authority, arising out of or in connection with your (or your officers’, employees’, advisors’, agents’ and representatives’) acts or omission, fault or negligence in performing these obligations or which results in us breaching relevant laws.

Purposes for the collection, use and disclosure of your Personal Data

In general, PPLIA collects, uses and discloses Personal Data for the following purposes:

1. to evaluate your financial needs and providing recommendations of suitable products and services to you;
2. to assess, process, administer, implement and effect the requests or transactions;
3. to service your policy, account and relationship with us;
4. to respond to your requests and queries;
5. to provide ad-hoc or regular information about your policy;
6. to verify your identity and any information you provide to us;
7. to archive, back up or destroy personal data;
8. for compliance, monitoring and audit reviews;
9. to meet requirements of prevailing internal policies of PPLIA;
10. for internal business and administrative purposes;
11. to meet requirements imposed by any law, rules, regulations, agreements or schemes imposed by any government regulators, law enforcement agencies, government authorities, dispute resolution or industry bodies or in connection with any investigations;
12. for other purposes as notified at the time of collection; and
13. for other purposes directly relating to any of the above.

If you submit an application to us as a candidate for an employment or representative position

1. to process your application including pre-recruitment checks, such as in relation to your credit standing and qualifications;
2. to provide or obtain employee references and for background screening/vetting;
3. to conduct interviews and assessing your suitability for the position applied for; or
4. for any other purposes relating to the aforesaid.

By providing your Personal Data to us, you accept that PPLIA may retain your information for as long as necessary, to fulfil the purpose(s) for which it is collected in compliance with applicable laws and regulations and PPLIA’s prevailing internal policies. We apply reasonable security measures to prevent unauthorised or accidental access, processing, erasure, loss or use including limiting physical access to data within our systems and encryption of sensitive data when transferring such data. Reasonable steps will be taken to delete, destroy or anonymise your Personal Data when it is no longer necessary for any of the purposes above.

Who may be provided with your Personal Data?

Personal Data will be kept confidential but PPLIA may, where permitted by law and where such disclosure is necessary to satisfy the purpose or a directly related purpose for which the Personal Data was collected, provide such Personal Data to the following parties:

1. insurance intermediaries (including our Sales Directors) and insurers with which we arrange policies of life insurance;
2. PPLIA directors and employees and representatives, and third party service providers who provide administrative services, business process services, storage services, scanning of policy documents services, printing and despatch of documents, document processing and archiving services, information technology services, data centre services, payment services, data analytics services, and other services to in connection with the business of PPLIA including but not limited to credit agencies, investigators, hospitals and clinics;
3. medical sources and organisations;
4. our professional advisers such as our lawyers and auditors;
5. any law enforcement agency, statutory board, government regulator, government authority, dispute resolution or industry bodies, as necessary to comply with any laws, rules, regulations, agreements or schemes;
6. any party to whom you have consented the disclosure of your Personal Data; and
7. any other party as required or permitted under applicable law.

Consequences of consent withdrawal

You may withdraw your consent for us to collect, use or disclose your Personal Data by giving us reasonable notice.
If you withdraw your consent for us to collect, use or disclose your Personal Data, other than for marketing purposes, we may be unable to process, administer or manage your policy or account which we arranged for you. In such event, you will be required to make arrangements with other parties to process, administer or manage your policy or account.

Data accuracy

As PPLIA relies on your Personal Data to provide products and services to you, you should ensure that the information provided by you to us is at all times correct, accurate and complete. You should update us in a timely manner of all changes to the information provided to us, and must do so if it is your contractual obligation to update us or any party with which we arranged a policy or account for you.

Amendments to this PD Policy

PPLIA reserves the right, at any time and without notice, to add to, change, update or modify this PD Policy, simply by notifying you of such change, update or modification. If we decide to change our PD Policy, those changes will be notified on our website so that you are always aware of how and what information we collect, how we use the information and under what circumstances the information is disclosed. Any such change, update or modification will be effective as stated in the PD Policy.

Contact Us

You have the right to access and request for the correction of your Personal Data and withdraw your consent given to us to collect, use or disclose your Personal Data. We may charge a fee for data access requests. In all other cases, requests for withdrawal of consent, access and correction may be made via in writing to:
PPLI Asia Pte Ltd
111 Somerset Road, #07-07
TripleOne Somerset
Singapore 238164

For enquiries on Personal Data related matters, you may email us at contact@ppliasia.com.