Estate taxes are a reality, and are very unlikely to go away anytime soon. A strong understanding of these
taxes and proper planning are perhaps the most critical aspects in determining how much of the wealth you have worked so hard
in creating gets passed to your heirs or charitable intentions.
Life Insurance can provide protection against these taxes by providing a source of funding to help pay the taxes due. Properly utilized, life insurance can be structured so that it is off of your personal balance sheet (therefore not taxable in your estate) and available to your heirs in an income-tax free environment.
This can keep your heirs from having to sell important family assets (homes, businesses or heirlooms) to fund the estate tax bill. And, life insurance provides peace-of-mind and certainty that few other financial vehicles or investments can provide.
Note: Example outlines Husband/Wife age 70 and rated preferred non-smoker.
Assumes level premiums paid through age 90 on a standard universal life (survivorship) product.
