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Leave a Legacy

Let's say you name a child or grandchild as the beneficiary on your life insurance policy. The benefit amount (monetary value of your policy) could act as an inheritance that could help pay for college, a down payment on a future home, or a start-up business. If you name a nonprofit as your beneficiary, such as an animal shelter, it could help fund food and shelter for the four-legged friends you volunteered with every Saturday.

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