If you own life insurance, congratulations. Sadly, most of us put off this critical element in our family's financial planning, which may have devastating consequences on the loved ones left behind.

You probably know why life insurance is so important. Young families need it to replace part of a breadwinner's income. Mature Americans find it provides their heirs with a source of funds to pay estate taxes. Investors have discovered that innovative insurance products help them build cash value, tax deferred, for long-term goals like retirement.

But remember, buying life insurance may be only part of the solution. Without proper planning, it can actually add to your estate tax bill. Click below to learn more about Irrevocable Life Insurance Trust from the following sections:

• The Mistake Thousands of Americans Make
• Preserving Your Legacy For Those You Love
• It May Be Crummey, But It's Still a Good Idea
• Staying In Control - Today, Tomorrow and for Years to Come
• A Short-cut That Doesn't Work