Life insurance can help you preserve your estate and leave a legacy for your loved ones.
Death benefit from life insurance can be utilized to cover taxes, funeral costs, medical expenses, settlement costs, and other bills so that the accumulated assets in your estate don’t have to be used.
Having an appropriate plan in place can make sure you have adequate coverage for these inheritance subtracting expenditures.
Most life insurance policies do accumulate a cash value over time and life insurance death benefits paid to beneficiaries are generally income-tax-free.
