How It Works

Legacy planning can be simpler than it sounds. You choose an affordable life insurance policy, pay a fixed monthly premium, and name the person or organization you want to receive the benefit.

Depending on your age, health, location, and chosen coverage, many policies require only a few health questions and no medical exam. Once approved and kept in force, the policy provides a set benefit to your chosen beneficiary.

Who Can Receive Your Legacy?

You decide where your gift goes. Your beneficiary may be:

A spouse, child, grandchild, relative, or friend

A church or place of worship

A charity or community organization

A school, college, or scholarship fund

A caregiver or loyal employee

A trust

Several beneficiaries sharing the benefit

You may also update your beneficiary later if your circumstances or wishes change.

Why People Choose This Approach

Direct

Life insurance benefits are generally paid directly to the named beneficiary rather than through the standard probate process.

Generally Tax-Free

Life insurance death benefits are generally not considered taxable income under federal law, although individual circumstances and state rules may vary.

Private

Your policy and beneficiary choices remain personal. You decide who knows about your plans and when.

What Could Your Legacy Support?

A legacy gift could help fund a grandchild’s education, support a church ministry, contribute to a charity, establish a scholarship, protect a loved one with special needs, or thank someone who made a meaningful difference in your life.

Your legacy does not have to be enormous to be meaningful. It simply needs to reflect the people, places, and causes you care about most.