Should Seniors Obtain Life Insurance?

Posted by on July 25th, 2008 at 11:26am

Davebrin wrote an interesting post today on
Here’s a quick excerpt
Ah. You seniors. Life insurance. Who needs it? Should you obtain life insurance? Well, there’s no income issues per se, nor are there typically business concerns for the senior. There is a major concern for wealthy seniors, however, and that is Estate Taxation. If you have an estate in excess of $2,000,000 in 2008, and you pass on, your estate will be taxed at a 45% rate on everything above the $2,000,000. So, as an easy example, suppose your estate is $10,000,000. $10,000,000 minus your $2

Read the rest of this great post here

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