Life insurance can be a powerful tool in your estate plan. It can be relied on to help your surviving spouse or heirs when you're gone. If your estate is taxable, life insurance may be used to pay estate taxes and other expenses.
As with any aspect of estate planning, the devil is in the details. Life insurance is not a tool to be used casually. It must be managed with precision to ensure it fulfills your estate planning goals.Here area few tips to keep in mind:
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