• Provides immediate cash to pay estate taxes and other expenses after death.
• Reduces estate taxes by removing insurance from your estate.
• Inexpensive way to pay estate taxes.
• Proceeds avoid probate and are free from income and estate taxes.
• Gives you maximum control over insurance policy and how proceeds are used.
• Can provide income to spouse without insurance proceeds being included in spouse’s estate.
• Prevents court from controlling insurance proceeds if beneficiary is incapacitated.