Sentences with phrase «estate of the insured upon»

Not exact matches

If an estate is larger and therefore vulnerable to federal or state estate tax exposure, an irrevocable trust may be used to provide liquidity for the estate without being subject to estate taxes by owning the policy and being designated as the beneficiary upon the death of the insured.

In addition to simply paying out a benefit upon an insured's death, life insurance policies can also be a primary component of one's overall financial, retirement, and estate planning strategies.

Also known asjoint survivor life insurance or second to die life insurance, this type of policy is typically used to pay estate taxes upon the death of the second insured.

Also known assurvivorship life insurance or joint survivor life insurance, this type of policy is typically used to pay estate taxes upon the death of the second insured.

Also known assurvivorship life insurance or second to die life insurance, this type of policy is typically used to pay estate taxes upon the death of the second insured.

If an estate is larger and therefore vulnerable to federal or state estate tax exposure, an irrevocable trust may be used to provide liquidity for the estate without being subject to estate taxes by owning the policy and being designated as the beneficiary upon the death of the insured.

If the insured designates his / her estate as the beneficiary of the policy, upon death, the proceeds are paid to the estate and distributed per the terms of the deceased's Will.