Life Insurance Is an Important Part of Your Estate Plan
Initially, it may seem as though life insurance does not have much impact on your estate plan. However, life insurance can be an integral, indispensably important part of a well-thought-out estate plan. There are numerous other benefits to owning a life insurance policy aside from providing a large sum of money to beneficiaries. Life insurance provides immediate cash upon death that can pay debts, including large debts such as a home mortgage, final income taxes of the insured, credit card debt and funeral expenses. A life insurance cash infusion can also pay federal estate taxes and avoid the forced sale ... Read More
