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Retirement & Legacy
Legacy Planning: Passing On More Than Memories
Using life insurance as one tool to pass something meaningful on to the people and causes you care about.
What it is
Legacy Planning in plain language.
Using life insurance as one tool for passing something on: to children and grandchildren, to a cause you care about, or to help with costs an estate may face.
What it does not do
It is not a will, a trust or legal advice. Life insurance is one tool that works alongside an estate plan prepared with an attorney.
Who might consider it
People who think of their coverage as part of what they will leave to the next generation.
How it generally works
You name beneficiaries, who generally receive the death benefit directly. People often review coverage amounts, policy ownership and beneficiary choices alongside their estate plan.
Premiums and eligibility are set by the insurance carrier, usually based on factors such as age, health, the amount of coverage and the features of the policy. Some policies require a medical exam and others rely on health questions; requirements vary by carrier.
Worth knowing
We do not give legal or tax advice. Estate planning decisions should involve your attorney and tax professional.
Common questions
Legacy Planning: questions people ask.
Who can be a beneficiary?
Generally a person, several people, a trust, or an organization such as a charity. It is worth keeping designations up to date.
How often should coverage be reviewed?
Many people review it after major life events such as marriage, a new child, a home purchase or retirement.
Do I need a large estate for this to matter?
No. Many people simply want to leave something meaningful, however modest, and to make sure it reaches the right people.
Have a question about legacy planning that is not answered here?
Keep reading
Related solutions and guides.
Whole Life
Permanent coverage designed to last a lifetime, with premiums and features defined by the policy.
Read the guide → SolutionFinal Expense
Smaller permanent policies intended to help loved ones with funeral and end-of-life costs.
Read the guide →Last updated November 2026. Reviewed by [Licensed reviewer name and credentials]. Product availability varies by state and carrier. All coverage is subject to carrier underwriting and approval; features, premiums, exclusions and riders depend on the specific policy. This page is general education, not a recommendation for your situation.
Important information. This page describes a type of insurance in general terms. It is not a description of any specific policy. Benefits, premiums, exclusions, limitations and riders depend on the policy issued and vary by carrier and state. Read the policy for full details. Guarantees are backed by the claims-paying ability of the issuing insurance company. DNA Life & Legacy and its agents do not give tax or legal advice. Please consult your own tax or legal professional about your situation.
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