Charitable Planning

Through charitable giving, millions of Americans make a difference each year. Their individual contributions promote progress in education and medical research and help expand religious, cultural and social service programs.

For many successful people, charitable giving is a way of giving something back in one or more areas of concern. And when charitable giving is done as part of your overall estate planning, there can be tax benefits for both you and your heirs. If you’re looking for a way to help your favorite charity grow, now is the time to consider one of the many types of gifts you can make.


Gift of Life Insurance

Many consumers who have gathered a significant amount of wealth through a variety of financial products and accumulation vehicles may be concerned about asset transfer. Along with designating family members as beneficiaries, consumers may also want to consider gifting their assets to charity. There are many ways that consumers can transfer their portfolio of assets to charity or incorporate charitable planning into their overall financial planning. One method of charitable gifting is a Gift of Life Insurance. There are three basic ways an individual can structure a charitable gift of life insurance. First by donating an existing policy to charity. Second, a consumer can name a charity as a beneficiary of a death benefit. And lastly, a consumer can structure a charity-owned life insurance policy on their life, gifting the equivalent of premium amounts to the designated charity.

Click here to access a guide that explores of Gift of Life insurance methods in more detail.


Tax Advantages of a Gift of Life Insurance to a Charity

There are many reasons a consumer may want to consider charitable wealth transfers. Along with providing support to organizations and causes they value, consumers can also reap tax benefits from the different methods of gifting life insurance in charitable planning.

Click here to access a guide that explains some of the tax advantages of gift of life insurance in charitable planning.


Benefits for the Donor and The Charity

Consumers may be considering charitable planning in their overall financial structure and wealth transfer platform, but could be on the fence about the advantages of gifting life insurance to charity.

This guide provides an overview of the main benefits and advantages for the both parties in this financial relationship—the donor and the charity.


Making a Difference for Your Charity

A legacy of giving through a gift of life insurance is not only a great way for consumers to make a difference in the charities they support, but it can also be a tax-efficient method of wealth transfer.

This guide surveys some of the best benefits of charitable planning.


Charitable Remainder Trust

A charitable remainder trust is a financial structure in which the donor is able to keep an income stream and gifts a remainder interest to a charity of their choice. The trust can be established for a certain period of time or for the life of the donor, the donor’s spouse, or other family members.

Click here for a guide that explains how a Charitable Remainder Trust works and also how your clients can benefit from the financial structure.


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