Jason and Amanda have accumulated significant personal assets over the last twenty years, and are now...

Transcribed Image Text:

Jason and Amanda have accumulated significant personal assets over the last twenty years, and are now considering the implications of these assets on their estate planning as they have come to realize that these assets will cause tax liabilities when they die. They are currently each others beneficiary for their individual taxable assets, and would like to know which of the following life insurance arrangements would be most beneficial to their estate planning for their 2 adult children. Select one: a. $500,000 level death benéfit plus account value on Amanda's life b. $500,000 participating Whole Life with paid up additions on Jason's life c. $500,000 level death benefit plus a Joint Last to Die term-to-100 policy on both of their lives d. $500,000 10 year R&C to 70 on each of their lives Next page Jason and Amanda have accumulated significant personal assets over the last twenty years, and are now considering the implications of these assets on their estate planning as they have come to realize that these assets will cause tax liabilities when they die. They are currently each others beneficiary for their individual taxable assets, and would like to know which of the following life insurance arrangements would be most beneficial to their estate planning for their 2 adult children. Select one: a. $500,000 level death benéfit plus account value on Amanda's life b. $500,000 participating Whole Life with paid up additions on Jason's life c. $500,000 level death benefit plus a Joint Last to Die term-to-100 policy on both of their lives d. $500,000 10 year R&C to 70 on each of their lives Next page

Answer rating: 100% (QA)

Out of the four options listed the most beneficial life insurance arrangement for Jason and Amandas ... View the full answer