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From life insurance to a special needs trust, here’s what you need to know to keep your loved one financially secure.
Life insurance is often thought of as a way to protect loved ones by providing for final expenses and estate taxes but you can think beyond that.
Estate taxes are imposed on all assets in an estate. Pay some of those taxes using an irrevocable life insurance trust.
Insurance protects you, your family, and your property, but it can only do its job if it's up to date.
Joint universal life insurance can cover two people with an income tax-free death benefit paid to beneficiaries.
The information in this article was obtained from various sources not associated with State Farm® (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates). While we believe it to be reliable and accurate, we do not warrant the accuracy or reliability of the information. State Farm is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third party sites that might be hyperlinked from this page. The information is not intended to replace manuals, instructions or information provided by a manufacturer or the advice of a qualified professional, or to affect coverage under any applicable insurance policy. These suggestions are not a complete list of every loss control measure. State Farm makes no guarantees of results from use of this information.