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Senate Finance Committee Chairman Wyden Releases Proposal to Close Private Placement Life Insurance Tax Shelter Used by Ultra-Rich
December 17, 2024
WASHINGTON, Dec. 17 -- Sen. Ron Wyden, D-Oregon, chairman of the Senate Finance Committee, issued the following news release on Dec. 16, 2024:

Senate Finance Committee Chair Ron Wyden, D-Ore., released draft legislation today to close a tax loophole that allows the ultra-rich to shelter tens of billions of dollars in income from taxes through the use of private placement life insurance (PPLI) contracts. PPLI policies are related in name only to the typical life insurance policies co . . .

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