Many married couples own life insurance on each other versus owning their own policy to avoid possible tax implications. (quotacy.com)
However, if you name your estate as beneficiary, or buy a policy as a third party, there may be possible tax implications at both the state and federal levels. (termlifeinsurancemales.com)
Many married couples own life insurance on each other versus owning their own policy to avoid possible tax implications. (quotacy.com)