Wealthy Canadians use life insurance to shield large estates
A 1917 feature notes Canadian and American investors increasingly rely on life insurance to mobilize cash for estate needs, citing JP Morgan’s 300 000 policy and massive art transfers. It discusses changes in federal and state taxes on estates and how life insurance provides liquidity to satisfy cash obligations and inheritance taxes amid market instability.
MENTIONED IN THIS ARTICLE
Bax
Maine
Curtis
JP. Morgan
Wartas
Una Staten
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the Mutual Life & Citizens Assur
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