Survivorship Life Insurance
Don't Entrust Your Estate to the Politicians
Although Congress passed legislation to increase the "applicable exclusion amount" for estate taxes, the fact is that the "death tax" will only be completely eliminated for a one-year window - the year 2010 - unless the repeal is extended or made permanent through new legislation.
The message is clear - planning ahead to cover the cost of potential estate taxes is still the best strategy.
Survivorship insurance - sometimes referred to as second-to-die insurance provides a death benefit that can be used to help pay estate taxes.
OL 2450 T 1008