Life insurance policies require policy holders to pay monthly premiums over decades and decades. With all of that money being invested into your policy, you want to be sure your beneficiaries are getting as much money as possible.<\/p>\n
One of the ways to get the most bang for your life insurance policy buck is to set up a life insurance trust. Under normal circumstances, if a policy holder dies, the payout will be subject to estate taxes. But such taxation can be avoided if the policy holder transfers ownership of the policy to a life insurance trust. Depending on the particular policy, this could save beneficiaries tens of thousands or even hundreds of thousands of dollars in taxes.<\/p>\n
More Specifics on Life Insurance Trusts<\/em><\/p>\n While Life Insurance Trusts offer the advantage of avoiding estate taxes, they do carry less flexibility.<\/p>\n -For example, when you set up a Life Insurance Trust, you cannot change the beneficiary (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Life insurance policies require policy holders to pay monthly premiums over decades and decades. With all of that money being invested into your policy, you want to be sure your beneficiaries are getting as much money as possible. One of…<\/span><\/p>\n