Bequest of Insurance
Wayne: I wasn't ready to part with the insurance quite yet. I wanted to preserve the option of giving it to our family if someone needed extra help down the road. We both wondered if there was a way we could commit now to help our favorite charity's work but make our gift at a later date when it was clear the policy wouldn't be used.
Wayne: I also liked the fact that our estate would benefit from tax savings, which would help to preserve other assets intended for our family.
Is a bequest of a life insurance policy right for you?
Creating a bequest of life insurance is an easy gift to establish. You can easily leave a life insurance policy to charity if the policy is no longer needed for its intended purposes by completing a beneficiary designation form. If you have questions about bequests of life insurance policies, please contact us. We would be happy to answer any questions that you have.
*Please note: The names and image above are representative of a typical donor and may or may not be an actual donor to our organization.