Charity begins at home but it doesn’t have to end there. Many of us have experienced times when we, or someone we know, received critical care or a helping hand in time of need. Whether you are financially independent or of modest means, you can say thank-you to organizations that have made a difference in your life. Wouldn’t it be nice, though, if our expression of gratitude could also make a real difference for those organizations?
Charitable Giving is the process of designating gifts to charities, educational facilities, and other non-profit institutions with the added benefit of tax savings for you. Life insurance is a unique and affordable way to give a gift that exceeds its cost, makes an impact, and expresses your generosity. You can commit to the gift and make funds available sometime in the future by bequeathing the proceeds of the policy to a specified charity. As an added bonus, life insurance policies typically avoid or reduce estate taxes.
Charitable Giving Life Insurance doesn’t tie up your assets today, it enables you to make a substantial donation in the future while paying small premiums today, and you have the choice of receiving current charitable tax credits or a charitable tax credit for your estate.