Planning Your Legacy

Including Your Favorite Charity

Most life insurance is not structured to benefit the insured.  It’s implemented to benefit those who are left behind when the insured passes away.  Leaving behind a significant death benefit can ease some of the difficulties of navigating a myriad of decisions, hurdles, and obstacles after an unexpected death.  Whether benefiting your family, business, or favorite charity, the influx of funds at a difficult time can build a strong foundation for years to come.

It's not uncommon for estate planning to include a component of charitable giving.  These posthumous contributions happen frequently for the affluent, whether they are unknown individuals or celebrities and they give openly or quietly.  Some make this positive impact simply to further a cause while others are enticed by the social clout for their family’s name; usually, the motivation is a little of both.  In any event, these donations can contribute to legacy building for the individual and name recognition after their death.

Enhancing a gift to charity can be done using life insurance.  If an individual implements life insurance after establishing a history of contributing to a charity, they could end up donating a substantial amount to the causes that are nearest and dearest to their heart.  This strategy is especially appealing to individuals who want to increase their contribution for a grand endeavor after they are gone, such as forming a scholarship or having a facility built in their name.  A generous final gift, indeed.

Contact us with any questions or opportunities to help you or your clients achieve identified goals.  This is what we enjoy doing for only a select number of families, businesses, and charitable institutions each year, and we look forward to hearing from you.