Create an Estate for Your Heirs

Life insurance offers strategic advantages for estate planning. Use your policy to create tax-free wealth for your heirs. Or provide cash to pay taxes and preserve existing assets. With careful planning and a smart tax strategy, you can turn life insurance into a great legacy for your family.

Within your estate, assets are taxed differently. The following chart illustrates this.

Your FORTAX Financial Advisor can help you develop an estate plan, assessing how much of your assets will go to the government, and how much will actually benefit your family.

One way to leave wealth for your family is through life insurance, where the death benefit can be passed directly to your heirs without additional taxes and probate expenses. To achieve this, your planning must include designating the right beneficiary for your policy.

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