Private Placement Insurance Products (PPIP) are non-registered Variable Universal Life Insurance (VUL) policies and non-registered Variable Annuity (VA) contracts that are offered exclusively to Ultra High Net Worth clients. Specifically, clients must meet the following abbreviated criteria as set forth in the Investment Company Act of 1940 ("Investment Company Act") and by the SEC.
- Qualified Purchaser (QP) - Individual with at least $5 million in investable assets or Corporation or trust with at least $25 million in investments, excluding pension and employee benefit plans. Complete Qualified Purchaser Definition.
Private Placement Insurance Products may not be marketed to the general public. Product information may only be disseminated once a potential client has been pre-qualified (as defined above).
Like retail insurance products, these products are filed with and approved by state insurance departments and are designed to comply with the current IRS tax code. In July 2003, the IRS issued clarifying guidelines for tax treatment of private placement insurance products.
To learn more, please click on the links or use the form below to contact us.
Contact Information Sun Life Financial Private Client Group 1 Sun Life Executive Park, SC1114 Wellesley Hills, MA 02481 Tel: (877) 539-7678
Our Market Vice President of Sales G. Trenton Davis (281) 759-5568 (w) (832) 725-6102 (c) E-mail: Trent.Davis@sunlife.com
If you would like to receive more information, you may either call our Regional Vice President or fill out and submit the form below. Please note that we are required to verify that you are a Registered Representative before we may send you any additional information.
