Benefits from Using Life Settlements in Planned Giving
Benefits for the Fundraising Organization:
Increase donations from existing donors, and from donors who may not have been able to contribute otherwise.
Collect a lump sum cash settlement today instead of having to wait for the insured’s death to collect gift proceeds.
Eliminate the financial burden of premium payments to keep policies in force.
Provide a valuable option to the donor that furthers their tax and estate planning objectives and invites the opportunity for future/additional gifts.
Improve budget forecasting ability.
Benefits for the Donor:
Flexible new options to make donations.
Being able to see the benefits of a gift during their lifetime rather than after their death.
The ability to make a donation to a favorite fundraising organization without depleting cash reserves or losing income-producing assets.
Getting a tax deduction for the fair market value (selling price) of the life insurance policy instead of only the cash surrender value.
Eliminating continued premium payments.
Removing a taxable asset from their estate (if the policy was individually held).
The ability to use the tax deduction and/or other financial benefits resulting from the life insurance gift to purchase a new policy to maintain coverage for the donor’s beneficiaries
Calculate Your Life Settlement
Do I Qualify?
Fill out our free policy calculator today to see if you qualify and find out how much you can get for your policy.
