Estate planning in life insurance involves designating beneficiaries to receive the policy proceeds upon your death. By carefully selecting beneficiaries, you can ensure that your loved ones are provided for financially. It also involves considering the tax implications of your life insurance policy and taking steps to minimize estate taxes. Estate planning may also involve setting up trusts to manage and distribute the life insurance proceeds in a controlled manner. Additionally, it allows you to make decisions about who will handle your affairs and make important financial and medical decisions on your behalf if you become incapacitated.