Charitable Giving
It's better to give than to receive, and there's no better feeling than giving charitably. Charitable giving is a primary objective for those who wish to leave a legacy and pass on a portion of their assets to a favorite charity, church or other not-for-profit organization. It’s a great way to be remembered as someone who really cared.
Life Insurance
Life insurance is a planning tool that can be utilized to effectively increase your gift to a chosen organization. There are significant financial benefits of using a life insurance policy to accomplish this objective—for both the charity receiving the gift, and you giving the gift.
The charity will receive a sizeable guaranteed gift that it otherwise would probably not receive. If the policy is an outright gift, the charity has access to the cash value and dividends even during your lifetime. We recommend that you consult a qualified tax advisor prior to purchasing a policy as a charitable contribution.