Private Placement Life Insurance Planning and Insurance Dedicated Funds
GSBT professionals advise clients in the acquisition of very large offshore and domestic private placement life insurance policies. GSBT's unique expertise and experience in the rapidly growing private placement life insurance marketplace positions it to deliver the very highest level of service in this area. The firm recognizes that estate planning in the high net worth market is evolving beyond the traditional role of implementing planning strategies that reduce taxes at death to encompass the broader and more immediate issues of investment and income tax planning. GSBT's role in assisting its clients with the purchase of private placement variable life insurance is an investment-oriented strategy that can dramatically improve the tax efficiency of a client's investment portfolio. GSBT's position in the private placement life insurance arena has also resulted in the firm advising both non-legal providers of private placement life insurance services as well as the investment managers (primarily hedge fund managers) who seek to participate in this growing marketplace. Specifically, GSBT’s insurance team regularly counsels hedge fund and hedge fund of fund managers in the establishment and operation of insurance dedicated funds (IDFs) and their relationships with insurance carriers.