The gifting of life insurance to registered charities has always been a popular method for individuals to fulfill their philanthropic goals. For some of your clients, this may be worth considering when it comes to a charity that is near and dear to their heart.
There are two basic options:
- donate a policy while the client is alive or
- make the registered charity a beneficiary of the policy
The choice depends on your client’s estate planning goals.
Share the article below to help your client understand which option is best for their specific situation.