There aren't many guarantees in life (
death and taxes usually top the list).
Not exact matches
Death and taxes are
usually the two things listed among life's certainties.
Fact # 5: If your spouse passed away
and you did not remarry during that year,
usually you may still file a joint
tax return with that spouse for the year of
death.
It pays out
death benefits only but it goes to your chosen beneficiary as a lump sum payment
and is
usually tax - free.
Since a survivorship life insurance policy does not pay out a
death benefit to a surviving spouse
and rather saves the benefit to pay to the heirs, this money can
usually be used to help offset some, if not all, of the estate
taxes that will be due.