Keep on Offering Estate Tax Riders
National Underwriter (Life and Health Financial Services Edition) (09/02/02) Vol. 18, No. 3 p.8; Parker, Gary

The inter-party conflict over the repeal of the estate tax will probably last at least a few more months if not longer, leaving wealthy consumers unsure about how to proceed with estate planning and insurance agents trying to decide whether to offer estate tax riders on life insurance plans. Agents should advise clients to go on with estate planning rather than wait to see what Congress decides, and their needs may be met with a second-to-die policy with an estate tax rider. The rider would give clients the option of surrendering their universal life and variable universal life insurance contracts without surrender charges if the estate tax repeal is extended, the commentary says.

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