Tuesday, May 31, 2011

Life Insurance Policy: Whole of life insurance

Life Insurance Policy May 31, 2011 8:17 am

Whole of life insurance

guaranteed issue life insurance companies

Best
This can cause insurance proceeds to be subject to estate tax at rates of up to 55%, because when you die owning a policy on your own life the proceeds are included in your taxable estate
It helps with many life aspects such as providing for your children’s school education, or for your retirement funds
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