shopify analytics ecommerce
tracking

Estate Taxes Were Repealed

But Now They Have Now Returned

Estate Taxes and life insurance. Any person with any semblance of wealth, over $3,000,000, should die the Federal Government steps in and takes a hefty chunk of the estate for taxes.

This was repealed for a while but now you are again required to pay Taxes on your estate again. If your Gross Estate exceeds $5,000,000 it will likely to be subject to Federal Estate Taxes.

In order to avoid devastating such estates the knowledgeable people buy life insurance in the amount of the anticipated taxes.

This money would be used to pay the taxes assessed by the Federal Government.


There is nothing more important than your family's security. What would happen to your family if you died? Would they be provided for? Compare Quality Quotes and Save up to 70%! The process is Fast, Easy and FREE. Click Here To Learn More


Estate Taxes Kick In Upon Your Death

The Estate Tax law allowed for a deduction of $1,000,000 and the balance of your estate is taxed at the rate of 55%. This law had been repealed which had resulted in some people living under the assumption that they no longer need the life insurance policy that would be used to pay the amount assessed at death any more.

If they consulted their tax attorney or a knowledgeable accountant or life insurance agent they would realize that this assumption is far from the truth...

What the law actually did is to gradually reduce the percentage of estate taxes you would be required to pay by 10% by the year 2009 if your estate was at the top level...from 55% to 45%.

It also increased the amount of your estate exempt from these taxes to 3.5 million dollars by the year 2010. In 2010 there was no taxes due on your estate upon death but the law reverted to what it was originally by 2011...

If you therefore should die in any year other than 2010, and you have a large estate, Federal Taxes will be assessed and will be required to be paid. Bear in mind that the Government does not wait for it's money so a life insurance policy is still needed to pay this bill. Life insurance is the most cost effective way to pay amounts due.

During the years when less money was assessed by the Federal Government a higher Capital Gains tax was be taken from the heirs as the law stood. In other words these people were immediately thrown into a higher tax bracket than they were in before.

Furthermore, many people are not aware that some States have an Tax Law For Estates separate from the Federal Estate Tax. There goes another portion of your estate...though the amount is usually smaller than the Federal Tax.


Don't pay too much for life insurance! Shop and compare Quality Quotes from Quality Carriers first. Just answer a few quick questions then get your Quotes. The process is Easy and FREE. Click Here For Free Quotes


Life Insurance Quotes Estate Planning Death Taxes Term Life Insurance For Women Mutual Funds Affordable Life Insurance Financial Planning Whole Life Insurance Retirement Planning Cheap Term Life Insurance Mortgage Insurance Universal Life Insurance Long Term Care Insurance Disability Insurance Whole Life Insurance Quotes Cheap Life Insurance Life Insurance Companies Life Insurance Policy Term Insurance Affordable Term Life Insurance Burial Insurance Online Life Insurance Term Life Insurance Quotes Low Cost Life Insurance Life Insurance Rates Accelerated Death Benefit

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. Life Insurance - Do You Really Need To Own A Policy?

    Life insurance is one of those taboo subjects for normal, casual, or friendly conversation. Whenever people, however, develop a life threatening illness, have a close encounter with another vehicle on…

    Read More

  2. Instant Term Life Insurance Quotes - Quality Term Insurance

    The availability of instant term life insurance quotes on the Internet makes buying life insurance a "walk in the park". Some companies do take the application online while others send you an agent af…

    Read More

  3. How Does Life Insurance Work - Life Insurance Explained

    How does life insurance work? What is life insurance all about? What can it do for me? Most people ask these questions at some point in their lives. Let us look at the subject and see how these questi…

    Read More

  4. Cheap Term Life Insurance Quotes - Cheap Term Insurance Rates

    How can you get cheap term life insurance quotes? You want to buy some life insurance but you first want to have an idea how much to buy and what will it cost. The life insurance business has come a l…

    Read More

  5. Cheap Life Insurance Quote - Cheap Term Life Insurance

    Want a cheap life insurance quote? If you are in search of cheap life insurance it may be an interesting exercise to look at what is available before you start.

    Read More