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Which of the insurance strategies most suitable

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Question - John and Kathy, age 60 and 62, have spent many summers at the family cottage with their daughter, Susan. They would like to retain ownership of the cottage while still alive, and then want to leave the cottage to Susan when they die. John and Kathy, both owners of the cottage, are concerned that Susan will be unable to pay the capital gains taxes due on the cottage, which is estimated to be $200,000. They would like to purchase insurance to cover this liability. Which of the following insurance strategies would be MOST suitable for John and Kathy?

Reference no: EM133071050

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