Is it possible that the Cadillac Tax will be a major health spending cost ‘deflator’?
As one client of mine said, “I have life insurance because my kids are not high earners. I want to pass them an estate when I die, not loan debt. Not to mention, they may disagree about whether to sell or rent out the houses I own. One may need cash, the other may be more conservative and think long-term rental as an estate for her own children. The life insurance policy ensures they both have what they need for their family situation.”
There are many important things that Life Insurance policies do for an estate, no matter the size:
“can substantially increase the value of the estate”
“creates the liquidity necessary to pay estate taxes and expenses without the necessity of selling off assets that a family would prefer to keep intact”
“ways to keep insurance proceeds out of the estate for federal tax purposes”
Bestefits can help you establish a Life Insurance policy for your needs.
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