Charitable Giving

Gifting Existing Life Insurance to Charity

There are a few ways that life insurance can be an advantageous vehicle to use when establishing a charitable plan.  Implementing new coverage to serve as a charitable gift is an option.  Gifting a policy that is no longer needed to the charity can be a better option for some clients.  Detailed fact finding and questioning of the individual or family’s goals and objectives is essential when developing the appropriate structure for any charitable giving path.  It is essential to work with a knowledgeable team of advisors to develop a viable strategy.  Heirmark is proud to contribute our experience when someone contemplates the appropriate components of their financial plan.  This is what we enjoy doing for only a select number of families, businesses, and charitable institutions each year.

Outlined below are some points to consider when gifting an existing life insurance policy to a charity.  Contact us with any questions or opportunities to help your clients achieve their goals.