You can name your estate as the beneficiary to help pay the taxes and other settlement costs of your estate, with any remaining money being distributed according to the terms of your will. (truebluelifeinsurance.com)
Couples interested in estate planning and those looking to help their heirs pay for estate taxes and other settlement costs often opt for a survivorship life insurance policy. (insuranceopedia.com)
It is based on an appraised value of $ 300,000, origination charges of $ 5,000, a mortgage insurance premium of $ 7,500, other settlement costs of $ 2,783, a lender credit of $ 1000, and a mortgage payoff of $ 130,000; amortized over 145 months, with total finance charges of $ 111,075 and an annual percentage rate of 5.68 %. (reverse.org)