The Property Thesis · 7 of 8
Foundations and insurance wrappers
Carrier, jurisdiction and beneficial owner: three coordinates, each held by an institution that answers requests.
Built to
Separate the owner from the asset through an institution and a jurisdiction.
Addressable today · Running
In February 2024, after an 18-month investigation, the US Senate Finance Committee called private placement life insurance “at least a $40 billion tax shelter used exclusively by a few thousand millionaires and billionaires.” Its data came from seven insurers, which all cooperated.11
Extrapolation
Carrier records join exchange data, and the wrapper becomes a label on a known owner.
Verdict
Every institution in the chain is a door someone can knock on.