Time to Reassess Your Life Insurance After Tax Reform

It has always been a good idea to regularly review your life insurance policies to make sure they still meet your needs. But the changes in tax law provide extra incentive to reassess your policies' costs and benefits.

roughly doubled the federal estate-tax exemption, to $11.18 million in 2018. So the vast majority of people who originally purchased policies to help cover estate tax are no longer subject

You're reading a preview, sign up to read more.

More from Kiplinger

Kiplinger5 min read
401(k) and IRA Advice Especially for Women
For women who expect to lean heavily on their investment accounts in retirement, market volatility isn't the only concern. It's also important to help minimize the impact taxes can have on income in retirement. That means managing the funds in variou
Kiplinger7 min read
16 People You Should Tip for the Holidays
The holiday season is prime time to give back. And while you're thinking about your charitable giving, make sure you don't forget about those who've helped you throughout the year. Whether it's your stylist, garbage collector or mail carrier, it's al
Kiplinger4 min read
How to Cut Your Investment Fees in Half
When dealing with percentages and asset-based fees, an offer that sounds good at first may turn out to be not so great, depending on where you are in your retirement savings journey. As you accumulate savings, for instance, you're looking to generat