Retain Your Life Insurance Policy
Many consumers purchase life insurance policies to provide the necessary liquidity to pay for any estate taxes imposed on their death, or to provide sufficient liquidity for the needs of their heirs. Since the federal estate tax exemption is several million dollars, many people are questioning whether they should reduce the amount of life insurance they presently hold.
Before you reduce the amount of your life insurance coverage, here are some considerations to think about.
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Categories: Life Insurance