Those assets then become part of the estate of the spouse and might be taxed when the surviving spouse eventually dies. (trustedchoice.com)
You would need to take advantage of the cash value of the policy or have it as a part of your estate plan in order for the investment to make sense. (valuepenguin.com)
For example, if a general market downturn decreased the value of the estate portfolio of bonds and blue chip stocks, the law would not hold the personal representative responsible. (newyorklife.com)