The Power of an Irrevocable Life Insurance Trust
One of the many benefits of whole life insurance is that your death benefit passes to your heirs free of income tax. There is, however, estate tax to consider. With a large enough estate, which can include your life insurance, your heirs may see that death benefit significantly reduced anyway. One way to avoid this …
The Power of an Irrevocable Life Insurance Trust Read More »
Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.