Life insurance may take reduced role in estate plans for married same-sex couples

09/9/2013 | InvestmentNews (free registration)

Advisers should re-evaluate the role of life insurance policies in estate and income planning for same-sex couples now that the federal government recognizes their marriages, according to this article. While the policies may no longer be necessary as a planning tool for federal estate taxes since these couples can claim the exemption, experts caution that same sex-couples may need it in states that don't recognize their marriages. Life insurance may also play a reduced role in income planning now that same-sex spouses are entitled to Social Security and retirement plan benefits.

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