We are all aware of the use of life insurance as a vehicle of income replacement. This is how life insurance is most widely utilized in the field of estate planning, and it is extremely important, especially when you have a family that is dependent upon your ongoing income.However, there are some other uses for life insurance in estate planning and we would like to take a look at a couple of them here.Life insurance is routinely used to balance inheritances. To provide an example of what … [Read more...]
Take Life Insurance Seriously
When you started your first "real job" it is likely that you were seated in an orientation session that included an explanation of your company paid benefits. At that time you were probably told that you would be given a certain amount of life insurance at no cost with the option of increasing your coverage and paying for this additional protection out-of-pocket.If you started your career as a single person the company paid insurance may have seemed ample. But once you get married and you have … [Read more...]
