C 2013 San Diego Real Estate and Estate Planning Law
Life Insurance and Estate Planning
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Life Insurance
and Estate
Planning
Life Insurance buys time.  It is the universal estate creator and,
therefore, the first outside investment that a family man/woman
should make.  Life Insurance can be passed tax free to your family
after death.

Life Insurance is critical at each juncture of your estate building
plans.  It creates an instant estate for the family at the beginning
and protects the family fortune once established.  No other estate
planning tool serves these purposes like life insurance.  It protects
the key employees of corporations, the family from loss of the family
home and business, and the jobs of all employees from a sell off of
company assets upon the death of its owner.

Estate planning uses each of the basic types of insurance to satisfy
the above objectives.  Term Insurance creates an instant, yet
temporary, estate at generally the lowest short-term cost.  
Universal Life creates permanent insurance which meets many
more possible estate building objectives and at a potentially less
expensive long-term cost.      

Ordinary whole life insurance builds a cash value within the policy,
creating a liquid asset within the estate.  It is always available for
borrowing on a tax free basis sometimes when no other source is
available.  As cash value builds it also creates a potential source of
investment capital.  This build up of capital is tax free during the
term of the policy.  It is this tax sheltered treatment that makes
insurance such an attractive investment within the estate.

Related Links:
What are the goals for a proper estate plan?
Do I need a living trust?
Will v. Living Trust
What is the purpose of an Advanced Health Care
Directive?
Do I need to update my will and/or trust?
2013 Recent Developments in Estate Planning law