Ideally, this should be on a separate policy setup up strictly for the purpose for paying off estate taxes and other debt. (nationalonlineinsuranceschool.com)
Many wealthy people buy the amount of life insurance to successfully pay off the estate taxes so their family does not have to use their inheritance to pay off this government created expense. (bestchoicelifeinsurance.com)
Still others may use life insurance as a type of financial tool for paying off estate tax, donating to charity, or passing on assets to loved ones. (truelifequote.com)