July 7, 2009 | 1 Comment I can’t over-emphasize the importance life insurance can play in your estate plan! Often, a person or couple will delay buying life insurance until they feel they can better afford it. However, that’s not wise. The older you get, the more expensive new life insurance policies become and the less insurable you become. At some point, life insurance will become unavailable to you, either due to age or to a medical condition. The best time to buy life insurance is while you are relatively young and healthy. Why to buy life insurance? As a tool in estate planning, life insurance can: Create an estate for your spouse or children. Provide cash needed to settle your estate. Allow you to give to charity without depleting your estate. Cover estate tax expenses.