April 1, 2021 – Life Insurance and Planned Giving: Friend or Foe?

Life Insurance and Planned Giving: Friend or Foe?

How to Integrate Life Insurance into your Planned Giving without Becoming Famous

April 1, 2021

Somewhere in the portfolio of planned gifts, most charitable organizations have one or more life insurance policies. Many policies are forgotten, neglected or ignored and sometimes the charity doesn’t even know they exist. They come from a variety of sources: well-intentioned supporters, insurance agents who are board members, or friends of board members, from sales presentations that promised huge returns with little investment, or possibly from a combination of these. Learn how to distinguish the different policies, how to manage current policies and how to protect the organization from accepting policies that are lousy charitable gifts.