Does Starting a Whole of Life Section 72 Insurance Policy Make Financial Sense?
Initiating a Whole of Life Section 72 insurance policy for estate planning purposes requires a thorough examination of various factors, including tax implications, inflation considerations, and the inherent uncertainty in calculating inheritance taxes. While the numbers provide a framework for decision-making, it’s advisable to consult with a financial advisor to assess the suitability of such a policy based on individual circumstances and long-term financial goals.