Life Insurance

Navigating Estate Taxes with an Irrevocable Life Insurance Trust (ILIT)

Life insurance is a cornerstone of financial planning, offering peace of mind that your loved ones will be financially secure after you’re gone. However, many are unaware that life insurance proceeds can be significantly reduced by estate taxes, leaving less for your family than you planned. This is where an Irrevocable Life Insurance Trust (ILIT) …

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Things to Know About Life Insurance We inform, help and support the creative community Policies differ widely. Term life insurance pays out a death benefit if you die within the specified period, often 20 or 30 years. Because it only pays for untimely deaths, it is less expensive. Permanent policies, whole or universal, cost more …

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