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Reply to "Ultra high net worth and how much to leave to kids"
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[quote=Anonymous][quote=Anonymous]You have 30 mil and you don’t want to leave it all to your kids. Why do you need 12 mil in life insurance? Makes no sense[/quote] Op here. Good question. I contemplated letting the policies lapse this year. I really don’t need it but it buys me some peace of mind. I have about $20M in commercial real estate debt. The properties all cash flow with DSCRs in the 2s and 3s so it is very unlikely that my death would be declared an event of default but I wouldn’t want DH stressed by it. If some lender sent an acceleration letter he could just pay them off. Also I took out the policies very young and in great health. The premiums are very low (maybe $5-6K collectively). [/quote]
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