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The Jordan Insurance Group - Blog

With over 76 years of experience, The Jordan Insurance Group is an industry leader in Life Insurance strategies and Employee Benefits. We strive for excellence through our due diligence in selecting products to satisfy our clients’ needs with proven benefit designs and tax strategies. Our Team utilizes a diversified multi-level approach in preserving, protecting and growing wealth for our business and individual clients.

Estate Tax Law Changes May Have Reduced Your Need for Life Insurance

William Jordan William Jordan , 5/12/2014
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The Jordan Insurance Group, MD, Estate TaxLife insurance has long been considered an attractive way to offset estate taxes by providing the cash required to pay those taxes exactly when needed.  Due to significant changes in estate taxes brought on by the American Taxpayer Relief Act of 2012, it is estimated that only roughly 1/8 of 1% of all Americans will be subject to federal estate taxes.  In addition, those who are still subject to the tax will likely find their estate tax liability to have been substantially reduced. If you own life insurance that was purchased to offset estate taxes, it is most important that you have your estate plan and insurance needs reviewed.  Should it be determined that some of your insurance is no longer needed, you may be able to reduce your outlay for insurance premiums.  In addition, as an alternative to lapsing or surrendering a policy, you may be able to obtain an amount greater than the policy’s cash surrender value by selling the policy to investors in a life settlement transaction.  Call us for a review today.