Estate Planning

Leaving tax-free money to your beneficiaries

Life insurance plays a vital role in estate planning for high net worth and ultra high net worth individuals, including preserving the value of your estate, providing financially for dependants or a surviving spouse, and ensuring money is available to pay for any taxes, fees or other outstanding debts upon death.

One of the greatest benefits of life insurance is that it can provide tax-free money to your beneficiaries. The proceeds can be used to pay debts, taxes and other estate costs so that estate assets are not eroded to pay these expenses.

Life insurance is also often used to replenish an estate. Debts may erode what would otherwise be available to your beneficiaries. By having the appropriate life insurance to pay any debts, your estate can remain intact for your heirs. Even if you already have life insurance protection in place, depending on when you last reviewed your estate and insurance needs, it may require updating.

Contact Salus today and speak to one of our specialist team about your life insurance requirements.