Estate Planning and Life Insurance

Life insurance is an important aspect of many estate plans
  • Life insurance is a valuable addition to estate planning options, particularly for young couples with children.
  • Term life insurance provides young couples with the opportunity to create an "instant estate" in the event of the untimely death of a parent. (Insurance on a "stay at home" parent helps cover the cost of child care and homemaking.)
  • Life insurance can help pay mortgages, college tuition, or estate taxes, or can create an income stream to provide for a surviving spouse in trust with the principal passing to children.
  • Life insurance is an integral part of much business planning, to provide liquidity and avoid the need to sell assets of a business upon the death of a business owner.
  • There are special tax advantages for life insurance, in some cases providing for tax free growth of principal.
  • It is helpful to consult with a knowledgeable life insurance agent as part of your estate planning process.
  • Many agents are also knowledgeable about long term care insurance.
  • Our office can provide you with the names of experienced life insurance agents.

  • Home | Planning for Different Ages | Planning for Incapacity | Couples with Children | Death and Taxes | Same Sex or Unmarried Couples | Business Succession Planning | Life Insurance | Residences and Real Estate Assets | Estate Planning for Two States | Charitable Options | A Selection of Frequently-Asked Questions
    For More Information:
    Law Offices of Jameson & Cooper
    8 Grove Street, Suite 205
    Wellesley, Massachusetts 02482
    Tel.: (781) 237-7766