An estate tax that imposes a tax on money in excess of $4.49 million passed down upon death is an example of in insurance policy.
What is estate tax?
The estate tax in the US is a federal tax levied on the distribution of a decedent's estate.
The federal estate tax is a levy on the privilege you have to leave property to your beneficiaries and heirs after your death.
One's estate policies may include debts, real estate, automobiles, life insurance, pensions.
As a result, insurance policy is an example of estate and inheritance taxes.
Learn more about on estate tax, here:
https://brainly.com/question/6362495
#SPJ1
