SOLUTIONS
What We Offer
Premium Life offers tailor wealth structuring and state planning solutions through Private Placement Life Insurance (PPLI) contracts that combine a segregated investment account with life cover protection. Such products are ideal for high net worth individuals to make flexible investments and sound asset allocation decisions. Please see more details below:
Premium International Plan (PIP)
The PIP is a wealth structuring solution with full cash value, combining a flexible investment account with life cover protection. Structured as a single or multiple premium contribution policy, assets are held in a dedicated, segregated account providing both investment flexibility and legal protection.
As a life insurance policy, in the event of the death of the life assured, it will provide a death benefit, the value of which will depend on the value of the assets invested and the life cover option selected by the policyholder. The PIP policy may be partially or fully surrendered by the policyholder.
The policyholder sets and controls key investment and insurance parameters of the policy. This includes stating the discretionary investment strategy they want to pursue, indicating their choice of investment manager and custodian, appointing the beneficiaries, and specifying the choice of life cover. The policyholder is able to change most of these parameters during the lifetime of the policy.
Variable International Plan (VIP)
The VIP is an estate and succession planning structure with no cash surrender value, combining a versatile investment portfolio with life cover. Contributions are held in a dedicated segregated account, with the death benefit payable to designated beneficiaries, making it an effective vehicle for wealth transfer planning.
VIP is an insurance contract with benefits only payable on the event of death of the life/lives assured, where the death benefit payable to the designated beneficiaries is variable; it is the aggregate of the value of the invested assets and the life cover option selected by the policyholder. The VIP policy may not be surrendered after the commencement date. The VIP policy has no cash surrender value.
The policyholder sets and controls key investment and insurance parameters of the policy. This includes stating the investment strategy they want to pursue, indicating their choice of investment manager and custodian, appointing the beneficiaries, and specifying the choice of life cover. The policyholder is able to change most of these parameters during the lifetime of the policy.
Frozen International Plan (FIP)
The FIP is a hybrid wealth structuring solution combining cash-value and with no cash surrender value within a single policy. It offers the flexibility to surrender a portion of assets while the remainder continues to be held within the structure for estate planning and wealth transfer purposes.
In the FIP insurance contract the policyholder may partially or fully surrender the assets contributed to the PPLI. The assets that are kept in the life insurance policy together with the gain constitute the benefits payable on the event of death of the life/lives assured, where the death benefit payable to the designated beneficiaries is variable.
The policyholder sets and controls key investment and insurance parameters of the policy. This includes stating the discretionary investment strategy they want to pursue, indicating their choice of investment manager and custodian, appointing the beneficiaries, and specifying the choice of life cover. The policyholder is able to change most of these parameters during the lifetime of the policy.