The Death Benefit Characteristics 🤔

What most parents or grandparents do is they say, well, we're in retirement now, but we don't want to spend all the money in the retirement accounts because we want to leave something behind to the kids and to the grandkids. Well, do you want to do that from accounts that are forever taxed or do you want to pay the tax when you know what the calculation is now and know that you have more than enough tax free windfall of death benefit that gives you the permission to go and spend those accounts in retirement because you know that the death benefit windfall is not going to trigger any taxable event when you have named beneficiaries and you're leaving that money behind. What do you want to leave behind? Your entire estate value or do you want to leave behind only the value after tax or after what you've spent? Well, you should have a policy in place that captures your entire estate value, taking into account what it would grow into and then have all that money show up exactly when it's needed the most.