Estate Planning Effective estate planning requires on going and periodic examination of an individual's overall status and objectives, particularly as it pertains to life insurance. Long recognized as an effective estate planning tool, life insurance, like stocks and bonds, real estate, oil and gas holdings, or any other tangible asset, may be liquidated or otherwise managed in such a way as to reduce estate tax liabilities and increase the value of an individual's transfer of wealth to succeeding generations. In this respect, the sale of a life insurance policy may have just as much validity as the sale of a home, or stocks and bonds. A reduction in estate size or a change in tax law reduces or eliminates the need for life insurance to provide liquidity. An individual's financial condition changes and the cost of currently owned life insurance is prohibitive.
Sale proceeds from currently owned life insurance escapes the three year inclusion rule.
Click here for a quick quote market analysis of the resale value of your life insurance policy or to submit your policy for a formal offer with a full application click here . If you or another family member are nearing 70 years of age, you or they may want to consider a Senior Settlement by having the life insurance policy sold to a third party or financial institution. This estate planning tool allows you to receive the full cash asset value of your life insurance policy which is generally well above its cash surrender value. Never allow a policy to lapse because of expensive premiums without closely examining the option of a Senior Settlement as an estate planning tool. As in a Viatical Settlement the cash proceeds may be used for any purpose desired.