bequest insurance

Bequest insurance is a financial product designed to help individuals leave a specific amount of money to their chosen beneficiaries after their death. It works by setting aside funds or purchasing a policy that pays out a predetermined sum or asset to heirs or designated parties. This ensures that loved ones or charities receive the intended inheritance, regardless of other estate assets. Bequest insurance provides certainty and can help meet estate planning goals, complementing other estate transfer strategies. It’s a useful tool for those who want to ensure a specific legacy for their beneficiaries.