Charitable Giving
Charitable giving using life insurance allows you to lower taxes, increase charitable giving, and create a lasting impact
Maximize your charitable tax deductions and create a lasting legacy
Charitable giving and the tax deductibility is becoming more and more complex. I can show you how to maximize your charitable dollars while increasing your tax deductions, including how to work with a donor advised fund.
Key Benefits
- Reduce estate size
- Lower income and capital gains taxes
- Leverage your existing gifts
- Create a legacy
Our work process
Ways to use life insurance in charitable giving
There are numerous ways to enable tax savings by leveraging your life insurance policy into a charitable gift strategy. These are a few of the common ways to combine life insurance and charitable giving:
- Naming a charity as a beneficiary
- Donating an existing policy
- Purchasing a new policy
- Charitable Remainder Trust (CRT)
- Gift paid up policies
- Charitable Lead Trust(CLT)
When it comes to charitable giving, life insurance is a powerful tool that many times goes underutilized. Life insurance death proceeds can create legacies and provide lasting benefits for generations after a donor has passed away. Whether it is with an existing policy, or one that is purchased to give to charity, I can help you harness the power of life insurance and create a transformative plan for your philanthropic endeavors.