Charitable Planning

Life insurance can be used to make significant gifts to worthwhile causes that are important to you. Why donate life insurance? Many have found life insurance the ideal program for making a significant charitable gift, either during life or at death.

Consider the advantages:

• A gift of life insurance is certain as long as the policy remains in force.
• The full proceeds are payable to assure your philanthropic goals are achieved.
• Life insurance is generally paid promptly; it is not tied up in the administration of the estate.
• Unlike a will, life insurance is not a matter of public record. Proceeds can pass to a charity in privacy, if you desire.
• Life insurance gifts can be simple. The insurance company can provide for the appropriate forms to make a charity owner
  or beneficiary of a policy.
• Gifts of a policy or premium payments are generally tax deductible. Your charitable gift of life insurance can be even more
  satisfying if you direct your gift to a particular program in which you have an active interest. Most charities would
  be pleased to have someone meet with you to explore the opportunities available for planning a truly satisfying gift. It is
  recommended that you inform the charity of your plans for a gift of life insurance.