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Estate PlanningWho Do You Want To Leave A Lifetime of Blood, Sweat and Tears?In doing your estate planning, you need to determine the answers to the following questions: 
1. What will be the size of my estate? 
2. How much of it will I have to give to The Taxman?3. How many dollars in premiums will be needed to buy the insurance to offset the taxes my estate will have to pay?
The following chart illustrates a typical scenario of calculating the insurance cost to pay the taxes at death.
It's that simple. The last chart gives you an idea of how much you will have to pay in insurance premiums to buy enough insurance equal to the amount of the taxes your estate will owe. Those three answers will determine the amount of permanent insurance you need to protect your estate. Then you can decide if you would prefer universal life insurance or
Whole Life insurance.
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