The Use of Life Insurance in Estate Planning: Additional Evidence.
研究用横截面回归分析发现，预期有应税遗产的人如果缺乏流动资产，会购买更多人寿保险来支付遗产税，且保险金额往往超过实际所需。
Abstract This study uses cross-sectional regression analysis to examine the relation between life insurance coverage and liquidity for individuals who anticipate having taxable estates. The results indicate that there is a negative relation between the amount of life insurance an individual owns and the amount of liquidity (exclusive of the life insurance) in the anticipated estate. This finding supports the hypothesis that individuals who anticipate having taxable estates, but lack the liquid assets to pay the estate taxes, will fund this need with life insurance. This study also finds a negative relation between the amount of life insurance owned by an individual and the individual's ability to defer the payment of estate taxes. Finally, the results show that individuals carry more life insurance than necessary to pay estate taxes, administration expenses, and debts.