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Wealthy Americans turn to private-placement life insurance for tax-free investing

The strategy centers on private-placement life insurance, which the report describes as a customizable contract that can let investments grow tax-free without an annual limit.

Reported · Written up by our desk · Life Insurance

The Wall Street Journal Markets reports that wealthy Americans are increasingly using private-placement life insurance as an alternative vehicle for investing that can grow tax-free.

According to the report, private-placement life insurance is structured as a customizable insurance contract that allows investors to put in unlimited amounts, with the investments intended to compound tax-free over time.

The piece frames the product as a tax-free investing approach for those looking for more flexibility than traditional retirement accounts.

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