If you have high insurance premiums, carrying life insurance can feel like a burden. So the recent increase in the estate tax exemption limit to $22 million (for couples) seems like a ‘get out of jail free’ card. Certainly, if life insurance was purchased simply to cover estate taxes, and there will not be any… Read more »
Tag: Life settlement
How Mr. Greene ‘Found’ $420K
When It is Time to Trash a Policy It was worthless. Well at least that is what Mr. Greene* said. He had obtained a life insurance policy as part of his compensation package while at his previous firm. The $5 million death benefit was meant to insure his salary (for his wife’s benefit), and the… Read more »