Estate Planning for a High-Net-Worth Client

Read the scenario and propose your solution.

Client Scenario

A 65-year-old client with a $15 million estate is concerned about federal estate taxes, which could force her heirs to sell illiquid assets. She is in good health. How can life insurance be used as a tool to provide liquidity and preserve her estate for the next generation?

Your Recommendation

Based on the scenario, outline your recommendation. Explain your reasoning clearly.