<p>Finance Committee Reports on Private Placement Life Insurance</p>

Finance Committee Reports on Private Placement Life Insurance

U.S. Senate Finance Committee

An investigation by Senate Finance Committee Democrats found that private placement life insurance policies are promoted to high-net-worth clients to avoid billions of dollars in taxes, the committee Democratic staff said in a report released February 21.

<p>An investigation by Senate Finance Committee Democrats found that private placement life insurance policies are promoted to high-net-worth clients to avoid billions of dollars in taxes, the committee Democratic staff said in a report released February 21.</p>