🎬 In this episode of TriathlonPartnersTV, we explain the benefits of Survivorship Life Insurance (also known as Second-to-Die Life Insurance). This is an important tool for estate planning, especially with changes to tax laws coming soon. ⚠️ Estate tax thresholds are set to expire in 15 months, which may cut tax-free limits in half. New Senate laws may lower these limits even more and raise tax rates 📈. Estates worth more than $7 million for couples could face a 50% tax rate! 💸
Survivorship Life Insurance provides tax-free death benefits to help cover estate taxes and protect your legacy. This policy only pays after both individuals pass away. It helps cover estate expenses and gives heirs financial security. 👨👩👧👦💼
🔑 Why Choose Survivorship Life Insurance for Estate Planning:
- 💰 Estate Tax Coverage: When the second spouse passes, estate taxes can be high. The death benefit helps pay these taxes, so your heirs can keep more of the estate.
- 💵 Lower Premiums: This policy is usually cheaper than two separate life insurance plans. It's a good choice for high-net-worth people who want to protect their assets.
- ❤️ Special Needs Planning: The policy ensures that a loved one with special needs gets care without affecting their eligibility for government programs.
Survivorship Life Insurance is a smart and flexible tool for estate planning. It provides financial security and peace of mind. Watch the full episode to see how this option can protect your legacy! 🏦📜
Additional Resources
Mastering Retirement: The Secret to a Balanced Portfolio
TriathlonPartnersTV: Annuities, RILA s & Tax-Deferred Growth
TriathlonPartnersTV: Retirement Annuity
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