Insurance Term vs. Perm Universal Life Variable Life Please choose a topic below or scroll down the page to view each section. Life insurance is a unique asset which is a valuable addition to your overall estate due to its potentially high yield and tax-favored benefits. Life insurance can be used for any number of reasons.
Life insurance can create an instant estate.
Paying estate taxes and other estate settlement costs. Federal Estate Taxes are due nine months after death. Funding a business transfer. Business owners often agree to buy a deceased owner's share from his or her estate after death. Life insurance provides the ready cash to finance the transaction.