How to Use Life Insurance as a Component in Your Estate Planning Strategy
Life insurance can be a useful component in estate planning, providing financial support for beneficiaries after the policyholder’s death. It serves as a flexible tool within a broader financial strategy, helping to address challenges such as liquidity needs, tax considerations, and the smooth transfer of wealth to future generations. By providing readily available funds, life insurance can help cover expenses like estate taxes, debts, or final costs, ensuring that other assets, such as property or investments, don’t need to be liquidated prematurely. Incorporating life insurance into your estate plan requires careful consideration of its various applications, as its benefits […]
