Life insurance has always been an estate planning tool. Estate planning, life insurance, wills, and trusts have always gone together like bread and butter.
But, life insurance estate planning techniques have taken a hit since the Obama tax extensions.
Life insurance is sold on three premises.
1) Don’t you love your family, and don’t you want them to be comfortable if you die?
2) You have a large estate and are going to lose a ton of it in estate taxes when you die. You need liquidity (cash) in… [read post