Accel Fund Services creates and provides ongoing administration for Insurance Dedicated Funds (IDF) utilized for investment by Private placement Insurance Products (PPIP).
Accel IDF Solutions eliminated the high start-up costs and other obstacles that have created a barrier with our low cost, turnkey IDF solutions. IDFs satisfy specific requirements of the IRS to qualify as a tax favored investment vehicle.
PPIPs are tax and estate planning tools that treat any gains as either tax free through a Private Placement Life Insurance policy (PPLI) or tax deferred in a Private Placement Variable Annuity (PPVA).
A private placement policy is an insurance wrapped investment in a separate account known as an Insurance Dedicated Fund (IDF). The IDF must adhere to IRS guidelines regarding the diversification of investments and “arm’s length” control issues. In the same manner as registered “variable insurance products”, private placement insurance allows policy holders to maintain investments in a US based entity, backed by domestic insurance carriers, within a widely accepted and time tested tax efficient vehicle.