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Ontario Insurance Premium Tax Guide Form

Ontario Insurance Premium Tax Guide Form

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[Music] I'm David Warren co-founder of Victor truss company the insurance premium tax is actually a little-known attacks at the state level that applies to certain types of insurance policy policies in particular PPO I or a private placement life insurance which is a pretty compelling planning tool for high net worth individuals to do some great tax planning within a trust structure you see it a lot in the international space actually these days what's interesting about that tax frankly is a lot of folks don't even know it exists high-end planners of course do know it exists and knows that it matters in terms of which jurisdiction you place the trust in that holds the insurance policies that we're talking about now each state has its own insurance premium tax South Dakota is among the lowest at eight basis points Pennsylvania is among the highest at 200 basis points Nevada's is in that same realm Alaska this is ten basis points and recently while Delaware has been at 200 basis points t

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