How Life Insurance Premium Financing Can Enhance Your Estate Planning Strategy?

One of the primary reasons retirees choose life insurance premium financing is the tax advantages it offers. While the premiums are financed through a loan, the death benefit typically remains free from income tax. This means that while your estate may have to repay the loan, your beneficiaries will not face income tax on the death benefit. In addition, the loan itself does not contribute to your estate tax liability, helping preserve your wealth.

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