The main advantage of coverage for estate planning: Life insurance proceeds are not taxed as long as you keep the proceeds out of your estate if your estate exceeds the federal estate tax exclusion amount, currently $ 5,450,000 in 2016. (termlife2go.com)
This would give estates a tax exclusion amount equal to the federal exclusion amount when the estate has farm operations or small business property and where the value of the farm operations or small business are a majority of the estate. (syracuse.com)
Estate tax strategies to consider In 2018, the federal estate tax exclusion increased to $ 11.18 million per person or $ 22.36 million for a married couple that takes advantage of portability. (fidelity.com)