How To Use Life Insurance For Estate Planning? 
The principal objective of estate planning is to ensure that your property is managed most efficiently during your lifetime and that your wishes are carried out most effectively after you die . Since life insurance creates tax free cash at death it has many applications in Estate Planning . Life insurance can be used to create an estate , to provide cash to take care of your family after you are gone . Life insurance can also be used in estate conservation and estate equalization . Once you have determined your objectives and calculated the need for cash to pay taxes , fees and other costs , nothing delivers cash at death as effectively as life insurance . Another use is estate equalization , in a situation where you want to give a fixed asset to one heir and balance it out with life insurance cash to another . In business situations , life insurance can be used to provide the cash not only to pay taxes and fees , but also to fund a buy sell agreement between partners . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 