You Have Worked a Lifetime to Accumulate Your Wealth - Let a life insurance policy from Pacific Life help you preserve it for your heirs.
You may not think of your possessions as an "estate," nor consider what will happen to them when you're gone. However, assuming you die in 2009, at your death the federal government imposes a 45% estate tax on property in excess of $3.5 million1 that passes from your estate to your heirs. In addition, estate taxes are due and payable within nine months of death. With this in mind, many estates may not have the liquidity necessary to pay the estate tax.
Products That May Help
Pacific Life Insurance Company's second-to-die life insurance products have become an increasingly popular way to help preserve your wealth for your heirs. Many accountants, attorneys, and financial planners are recommending life insurance products as an integral part of their client's estate planning needs. For a married couple, estate taxes are typically not due at the death of the first individual due to the ability to transfer assets to a surviving spouse free from estate taxation. Rather, for a married couple, estate taxes are generally due (if any) at the death of the surviving spouse. A second-to-die life insurance policy, which covers two lives and provides a death benefit upon the second insured’s death, may, therefore, be well suited to deal with the potential estate tax burden of a married couple.
Pacific Life Holds the Keys
The key features of Pacific Life's second-to-die life insurance products include, but are not limited to, the following:
- Choice of Univeral Life, Variable Universal Life, or Indexed Universal Life
- Flexible death benefit
- Flexible premium
- Federal income tax-free death2 benefit
- Tax deferred accumulation of the policy's cash value
Qualified, Quality Service
Let a qualified life insurance professional show you how a Pacific Life life insurance product can work to help you achieve financial security.