[dewilson58]

Originally Posted by Heyitsrick

Life Insurance disbursements are tax free. When you pass, your beneficiaries get the cash without the taxes, unlike other inheritances. Plus, there are other benefits to you, as well. Ed Slott explains: CPA Ed Slott on Tax Free Retirement Using Life Insurance - YouTube

Eddie is selling books and seminars.


The IRS exempts estates of less than $11.4 million from the tax in 2019 and $11.58 million in 2020, so few people actually end up paying it. Plus, that exemption is per person, so a married couple could double it. The IRS taxes estates above that threshold at rates of up to 40%.


Married couples with +$20,000,000 are not using insurance to protect a majority of they wealth.