Need Wisconsin Life Insurance Quotes?

Purchasing life insurance in Wisconsin is an important matter and as such, it deserves significant thought and consideration. Several factors may affect your decision regarding the type and amount of life insurance that you choose to purchase. Regulations regarding life insurance vary from one state to the next. Be sure to consider the following facts, when considering the purchase of Wisconsin life insurance.

Insolvency coverage is limited to $300,000 in life insurance death benefits in the event that your insurance provider is unable to fulfill your policy.

In terms of debt collection, life insurance payments needed for support are exempt. Unmatured life insurance contracts are exempt. Unmatured life insurance contract's accrued dividend, to $8,000, if debtor owns contract, are exempt.

For deaths occurring after September 30, 2002, and before January 1, 2008, Wisconsin imposes an estate tax equal to the federal estate tax credit for state death taxes in effect on December 31, 2000. Under federal law in effect on that date, estates valued up to $675,000 are exempt from estate tax. Since the federal exemption in 2004 and 2005 is $1.5 million and will be even higher in later years, some estates that are exempt from paying federal estate tax may still be subject to Wisconsin's estate tax. For deaths occuring after 2007, the Wisconsin estate tax will equal the federal credit in effect at that time.

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