QUOTE(PedroHead @ Jul 7 2008, 05:49 PM)
The Amish utilize life insurance for estate planning purposes. They have 32 kids and want to split the estate equitably amongst the family. You are not going to give each kid three acres unless you want all 32 of them to be upset. So you set up it up through life insurance. Maybe one gets the farm and the other 31 kids get a payout that is equivalent to what the farm is valued at.
I have never heard of that, as life insurance is not allowed by the church. I've heard of wills and estate planning, annuities, not life insurance. You must know of a sect I've never heard of.
