Giving Through Life Insurance
Many of us have one or more life insurance policies. Life insurance is traditionally purchased for a wide range of reasons – to provide security for loved ones, as a time-honored savings plan, or as a means to provide funds expected to be needed for the payment of estate taxes and other estate settlement expenses.
Life insurance is an especially flexible planning tool that can be used to meet a variety of personal financial needs. Many people have been pleased to discover that their life insurance can offer a convenience way to fund meaningful charitable gifts as well.
Charitable giving and life insurance have gone hand-in-hand for many years. Today, as an asset owned by most American families, life insurance can offer a wonderful way to carry out your charitable intentions – especially in the case of an insurance policy bought a number of years ago and no longer needed for its intended purpose.
In you have any questions or would like additional information regarding charitable giving and life insurance, please do not hesitate to call or write.