The life insurance policies we write for our clients in VA, Maryland, and DC can be customized to prepare your family. We ensure coverage for multiple death benefits which are critical to cover many unexpected costs to include sometimes brutal estate taxes. Some families are crushed by estate-tax payments that approach 50% of the total value of their estate. That is why the life insurance annuities policies that we write throughout VA, MD, DC get you covered. The proceeds of the policy that you chose and customized with an independent agent are payable immediately and the amount your family will receive are designed to cover (at the very minimum) the estate taxes, funeral costs, and a variety of other "must pays".
We can't emphasize enough the need to plan for the tax inevitability, and you do this smartly by seeking life insurance researched and shopped foe you by an independent agent. You will be given options that are applicable for you and your family and tailor-fit it to your specific needs. If properly structured, your life insurance will be generally income tax-free and will not add to your estate tax liability. This only means that your heirs will take care of the estate taxes and other liabilities without having to hastily liquidate other assets which is often at a fraction of their true monetary value.
To find out more about your options on optimizing your life insurance policies, contact TriState Business Insurance.