I HEARD ED SLOTT ON PUBLIC BROADCASTING CHANNEL. HE SAID TO BUY INSURANCE TO AVOID TAXES BEING PAID BY HEIRS BY TRANSFERRING IRA ACCOUNTS INTO LIFE INSURANCE.

MY SPOUSE AND I ARE 80 & 81.

[size=200]EXACTLY WHAT KIND OF LIFE INSURANCE SHOULD WE TRANSFER OUR IRA ASSETS INTO? A SECOND TO DIE OR WHAT?

PLEASE BE SPECIFIC AS TO THE EXACT NAME OF SUCH INSURANCE AND HOW DO WE GO ABOUT IT.

THANK YOU VERY MUCH.[/size]

RESPECTFULLY,
F.D.