How to Use Life Insurance For Charitable Giving
There are several tax and philanthropic reasons to use life insurance for charitable giving. Giving life insurance to a charity may allow you to make a larger gift than you otherwise could afford. Further, the government encourages charitable giving by providing tax advantages for certain charitable donations. This means that both you and the charity could benefit from your donation.  Typically, a donor makes a charity the owner and beneficiary of some type of permanent life insurance policy.  But there are many ways of structuring a charitable gift involving life insurance, and one alternative may better suit your needs—and those of the charity—than others

There are three main ways you can give life insurance to charity:

1. Name the charity as the beneficiary of proceeds
2. Name the charity as recipient of dividends
3. Donate an existing or new life insurance policy to charity

For further information

Ash Robinson at 801-977-0444 arobinson@globusrelief.org

GLOBOUS RELIEFFUND