Estate Planning
Who Do You Want To Leave A Lifetime of Blood, Sweat and Tears?
In doing your estate planning, you need to determine the answers to the following questions:
1. What will be the size of my estate?
2. How much of it will I have to give to The Taxman?
3. How many dollars in premiums will be needed to buy the insurance to offset the taxes my estate will have to pay?
The following chart illustrates a typical scenario of calculating the insurance cost to pay the taxes at death.
It's that simple.
Those three answers will determine the amount of permanent insurance you need to protect your estate.
Then you can decide if you would prefer universal life insurance or
Whole Life insurance.
Return from estate planning tips to Life Insurance Tips Home

|