Survivorship Life Insurance and Estate Taxes

Survivorship Life Insurance and Estate Taxes

For couples who wanted to help their children avoid federal estate taxes, 2010 was a good year to kick the bucket. But you don’t have to die to reap the benefits of survivorship life insurance. Survivorship life insurance is also called “second-to-die” life insurance, and it pays out benefits once a second spouse dies. The basic premise is that those proceeds can be used to provide for children who might inherit Mom and Dad’s business,…

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