PLG Insurance has announced private family banking services designed to address estate planning and asset protection needs beyond traditional will-based planning. The offering enables families to use life insurance-based structures to build a controlled pool of capital that can be accessed, managed, and transferred across generations.
More information is available at https://plginsurance.com/
The announcement comes as wealth management firm Cerulli Associates projects $84 trillion will transfer from Baby Boomers to heirs over the next two decades, driving demand for estate planning. At the same time, the Trust & Will 2026 Estate Planning Report finds 56% of adults lack essential documents, despite 73% recognizing their importance. Without proper planning, significant wealth can be lost to estate taxes and probate costs.
The company's services address this gap by centering on the private family banking concept, which uses specially designed whole life insurance policies as a personal banking system. Policyholders build cash value over time and can access it for expenses, investments, or business needs, while the remaining value continues to grow according to the policy’s terms. This approach helps families cover major costs without relying on traditional lenders and keeps control of their capital.
"Private family banking offers families a framework for building wealth outside traditional banking channels while maintaining access to capital for personal or investment use," said a company spokesperson. "The approach integrates life insurance, legal structures, and tax planning to address both wealth accumulation and protection."
The company notes that asset protection strategies work through legal structures such as irrevocable trusts, limited liability companies, and family limited partnerships. These frameworks shield assets from creditors and lawsuits while facilitating efficient wealth transfer by minimizing probate complications and reducing estate tax exposure.
The estate planning component focuses on tax-efficient wealth transfer. It uses the growth potential and cash value features of life insurance, rather than requiring the sale of other assets, to help manage tax exposure while preserving long-term compounding. This approach helps families pass on more value to heirs by limiting losses to estate taxes and other levies.
PLG Insurance's Private Family Banking services address the documented gap in estate planning while responding to increased interest in trust-based and integrated wealth management approaches among those planning for multi-generational wealth transfer.
For more details, visit https://plginsurance.com/