Is Life Insurance An Inheritance?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaLife insurance is an indemnification product to protect the beneficiaries of the insured against economic loss. If economic loss occurred because of taxes during the transfer of the estate from one generation to the next, then your inheritance would be reduced by taxation. Life insurance would pay that tax, so you would suffer a reduction in your inheritance. Life insurance can also create an estate, so to that degree life insurance would be an inheritance.Answered on May 12, 2013+01+1 this answer
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