A report on key takeaways from Katten's "Tax-Efficient New Products for Sophisticated Investors, Family Offices and Alternative Asset Managers" event—a panel discussion moderated by Henry Bregstein, co-head of the firm's Financial Services group, with Private Client Services partner Philip Tortorich as a panelist—was featured in The Hedge Fund Law Report. Henry noted that insurance products have progressed from just basic term policies and annuities to include products such as whole and variable life products, deferred annuities, retail variable life insurance and annuities, and private placement insurance. Additionally, Philip commented on the impact private placement variable annuities (PPVA) and private placement life insurance (PPLI) products have had on estate planning as a tax-efficient alternative to a retirement plan that is sufficiently funded. ("Insurance Products Provide Tax-Efficient Means for Investors to Access Hedge Funds," February 25, 2016)