best life insurance for estate tax planning
Life insurance can be used to pay estate taxes. An irrevocable life insurance trust (ILIT) keeps the death benefit out of the taxable estate. The federal estate tax exemption is $13.61 million per per...
best life insurance for estate tax planning
Life insurance can be used to pay estate taxes. An irrevocable life insurance trust (ILIT) keeps the death benefit out of the taxable estate. The federal estate tax exemption is $13.61 million per person in 2024. An independent agent can help you design an estate tax plan.
What You Need to Know
- Federal estate tax exemption: $13.61 million per person in 2024
- Estates above exemption: subject to 40% estate tax
- ILIT: keeps death benefit out of the taxable estate
- Life insurance: provides liquidity to pay estate taxes
- An independent agent can help you design an estate tax plan with life insurance
Why Patriot Plans for People with Estate Tax Concerns?
Patriot Plans is 100% independent — we work for you, not the insurance companies. We've helped 400,000+ families find the right coverage, including thousands of people with estate tax concerns. Our licensed agents understand the unique needs of your situation and can identify the carrier and plan that's right for you.
Ready to Find the Best Coverage for Your Situation?
Patriot Plans is 100% independent. We compare plans from vetted carriers and find the one that's right for people with estate tax concerns.