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You Have Worked a Lifetime to Accumulate Your Wealth - Let a life insurance policy from Pacific Life & Annuity Company help you preserve it for your heirs.
You may not think of your possessions as an "estate," nor consider what will happen to them when you're gone. However, at your death the federal government imposes a 45%** estate tax on property in excess of $2 million* that passes from your estate to your heirs.In addition, estate taxes are due and payable within nine months of death. Many estates may not have the liquidity necessary to pay the estate tax.
Qualified, Quality Service
Let a qualified life insurance professional show you how a Pacific Life & Annuity life insurance product can work to help you reach financial security.
* In 2008, the Estate Tax Exemption is $2,000,000 and will increase to $3,500,000 in 2009. In 2010, federal estate taxes will be temporarily repealed. In 2011, the Estate Tax Exemption amount will return to $1,000,000, unless Congress enacts new legislation.
** In 2008 - 2009, the top federal estate tax rate is 45%. In 2010, federal estate taxes will be temporarily repealed. In 2011, the top federal estate tax rate will return to 55%, unless Congress enacts new legislation.
This material may only be used in connection with the solicitation of Pacific Life & Annuity Company products in those states where the product solicited has been approved. Product features and availability vary by state.
This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. Pacific Life & Annuity, its distributors and their respective representatives do not provide tax, accounting or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
For more information on this subject, and professional guidance in selecting the right kind and amount of insurance coverage, contact your nearest insurance professional.
CWEB-L-NY-1
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