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Emilio Suarez, a citizen, resident, and domiciliary of Chile, wants to provide his young children with some financial support in the event of his death
Emilio Suarez, a citizen, resident, and domiciliary of Chile, wants to provide his young children with some financial support in the event of his death and he purchases a $2 Million term life insurance policy from New York Life Insurance Company. If Emilio dies and the proceeds are paid to his children, Emilio's Estate will be subject to U.S. estate tax.
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