Many people tend to look at life insurance as an unnecessary extra expense. They may not understand that life insurance can add several benefits to their estate plan and cover their bases more thoroughly.
Here are eight reasons to consider adding life insurance to your estate plans.
1. It Can Enable Your Spouse and Family to Survive
Settling an estate usually takes eight months or more. MoneyGeek states that federal estate taxes, and some states with estate taxes, require paying them within nine months.
Mike Valles
Author
Mike Valles has been a freelance writer for many years and focuses on personal finance articles. He writes articles and blog posts for companies and lenders of all sizes and seeks to provide quality information that is up-to-date and easy to understand.
