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 How much
insurance can you add to your estate?
Use this simple formula:
Personal Net Worth
less: Existing Life Insurance In-force
equals: Unused Life Insurance Capacity
To see if you qualify, let's consider an example.
Consider a typical
72-year old male married to a 67-year-old female
with a 12 million dollars joint estate, 30% lower
than a year ago. Their estimated estate tax is 5
million dollars. Each spouse has a very small amount
of life insurance.
They have three
children and their choices to pay the estate taxes
are:
- Sell off
stocks, bonds and other liquid assets;
- Obtain a loan
from a lender or the IRS;
- Have a fire sale
of a business or real estate; or
-
Use the tax-free
death benefit in the trust.
To request a Feasibility Study,
please
contact a licensed professional
in your area.
If you do not have the name of a licensed professional,
call
1-800-277-8201 or
click here to obtain a referral. |
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