**FAQs**

1. **Can I add to the principal of an existing life insurance policy?**
– Unfortunately, you cannot add additional life insurance to an existing policy.

2. **Do I really need to cover taxes at death with life insurance?**
– It’s important to assess whether covering taxes at death is necessary based on your assets and liabilities.

3. **What are the options for covering taxes at death besides life insurance?**
– You can consider using the proceeds from investments or assets to cover taxes instead of relying solely on life insurance.

4. **How can I estimate the taxes on my assets at death?**
– You can estimate the taxes by calculating the projected value of your assets and assessing the potential tax implications.

5. **What are the benefits of using life insurance in estate planning?**
– Life insurance can add certainty to estate planning by providing a guaranteed payout to cover taxes and other expenses.

**Conclusion**

In conclusion, when it comes to estate planning and considering whether to add more insurance to cover taxes at death, it’s essential to carefully evaluate your current assets, liabilities, and tax implications. Life insurance can be a valuable tool in ensuring your estate is well-managed and debts are covered, but it’s crucial to weigh the costs and benefits of adding to an existing policy or purchasing a new one. Consulting with a financial advisor or insurance specialist can help you make an informed decision based on your individual circumstances. Remember to consider all options and assess your priorities before making a decision.