(PRWEB) December 10, 2013
Inheritance taxes are paid as a percent of the inheritance a person receives. Since inheritance taxes are high clients can lose a big part of their estate. Avoiding inheritance taxes is a big concern for many people who are interested in estate planning.
Life insurance can be used in an interesting way: to avoid inheritance taxes and to cover other last expenses. Many clients are not aware of the many advantages and multiple purposes of life insurance. Online Insurance Marketplace aims at informing people about the many sides of life insurance and help them make the right choices when it comes to purchasing a plan.
Estate taxes are paid by everyone who receives an inheritance through a will. There is not a clear distinction between inheritance tax and estate tax, a thing which complicates matters in some cases. Since taxes take a percent of the estate value, some losses can be quite high. Also, legal heirs will have to complete a lot of paperwork and support additional costs.
Life insurance provides a death benefit after the insured passes away. The benefit is received by the insured's family members or beneficiaries. People have the option of purchasing coverage of over one million dollars which can make a good inheritance for any heir. The best life insurance for senior plan should provide permanent coverage. A policyholder can liquidate his or her assets and invest money in life insurance policies.
The benefit received through a life insurance plan is not taxable, so beneficiaries will receive the full amount directly. without having to pay anything.
“Life insurance can be also used to avoid expensive taxes like inheritance rates. Life insurance for seniors can be bought at affordable prices by comparing quotes!” said Russell Rabichev, Marketing Director of Internet Marketing Company.
Online Insurance Marketplace is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://www.topseniorlifeinsurance.com.