Bergenia crassifolia (L.) Fritsch--Pharmacology and phytochemistry by Shikov, Alexander N.; Pozharitskaya, Olga N.; Makarova, Marina N.; Makarov, Valery G.; Wagner, Hilde / Phytomedicine: International Journal of Phytotherapy & Phytopharmacology.
The insurance policy gets to grow tax free, so that when you die there is enough in the policy to pay the estate taxes. For example: You have a $20 million estate. When you die, this estate will pay $11 million in estate taxes, leaving your kids with a net of $9 million.Therefore, to fight this: You spend $5 million on life insurance. The life insurance grows tax-free from $5 million to $20 million.ow your estate is worth $35 million (your $20 million estate, less the $5 million premium, plus the $20 million payout). You now pay $19 million in estate taxes, which means that your kids net $16 million -- a full $7 million ahead of where you would have been if you hadn't bought any life insurance at all!
If the Defendant Dies. Similarly, when a defendant dies during a civil lawsuit, the estate is substituted for the deceased person. Most states allow the executor or administrator of the deceased's estate to handle the lawsuit without any input from the heirs or beneficiaries of the estate.