Life Insurance & Estate Tax Calculator
See how life insurance proceeds affect your estate tax — and whether an ILIT could save your heirs hundreds of thousands in taxes.
Your Estate & Insurance
Estate Tax (without insurance)
$00% effective rate
Insurance Included in Estate
$5,000,000§2042 ownership test
Estate Tax (with insurance)
$1,840,0009.2% effective rate
Insurance Strategy Analysis
ILIT Tax Savings
$1,840,000
Tax saved if policy is moved to an ILIT (after 3-year lookback)
Coverage Gap
Fully covered
Additional insurance needed to cover estate tax liability