Life insurance is a powerful tool in estate planning, providing tax-efficient ways to transfer wealth and ensure financial security for future generations. A “second-to-die” or survivorship life insurance policy, which pays out only after the second spouse’s passing, can be invaluable for families facing potentially large estate taxes. This policy provides liquidity when it's most needed, covering estate taxes and other final expenses so that heirs don’t have to sell off assets. Additionally, life insurance benefits generally bypass probate, allowing a quicker, more private transfer of funds to beneficiaries. Survivorship policies are also ideal when one spouse may be uninsurable, helping protect your family’s legacy with stability, efficiency, and peace of mind.