Life insurance can be used with an estate that knows it’s going to have to pay taxes. Life insurance proceeds do not get taxed, therefore at your death – your estate may use the proceeds from your policy to pay off taxes owed at your death.
Life insurance can be used with an estate that knows it’s going to have to pay taxes. Life insurance proceeds do not get taxed, therefore at your death – your estate may use the proceeds from your policy to pay off taxes owed at your death.