Financial Education

Although the benefit of protection may seem obvious, many people don't fully realize why they should have life insurance and the protection it can provide until they're presented with the facts. While each person's situation is different, below are some answers to common questions that you may have as you're considering life insurance.

Estate tax is paid by the estate on its net value, while inheritance tax is paid by beneficiaries on what they receive, with estate taxes going to the government and inheritance taxes to state governments.