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4. the camerons are both retired. they managed to run a highly successful nursery and want to pass it on to their children. the nursery covers almost 100 acres and is valued at $15,000,000. they are concerned over the fact that neither they nor their children have enough money to pay the estate tax. the estate tax rate is 45% on all assets transferred after the first $2,000,000. how much insurance do they need and what type of insurance is most appropriate?

Sagot :

life insurance is most appropriate and they should insurance of $3800000, he camerons are both retired. they managed to run a highly successful nursery and want to pass it on to their children.

life insurance is most appropriate and they sholud insurance of $3800000($15000000-11200000), because $11200000 is the exemption limit, A contract including insurance provides one party with protection from damages resulting from particular calamities or risks. It helps shield the insured person or their family from monetary loss. There are numerous varieties of insurance plans. The most popular types of insurance are life, health, car, and homeowners. The three most significant types of insurance—property, liability, and life—are then covered in more detail.

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