I work with several charities that have Corporate Partners who are large and important donors, insurance life settlements can be an important aspect of this relationship and have the potential to have a very real impact on the charity’s mission. Retiring executives and employees may have insurance policies that they are allowed to keep or convert upon retirement. Often, these retiring employees have no desire or need for the insurance once they leave the company. Depending upon the type of policy they have, these policies may, through insurance life settlements, become a very important gift to the charity. As mentioned in my previous blog, charities rarely want the policy, it is an administrative chore to manage and the returns are far in the future. By using insurance life settlements these gifts of life insurance can become an immediate source of cash to the charity. We have gone to the effort to redesign the corporate policies with committed donor corporations to assure that the retiring employee has the option to ask for a life settlement donation to a charity should they choose not to continue the policy for their own purposes at retirement. Life settlements can provide immediate and large cash donations to your charity of choice if the underlying life insurance policy is properly designed.
Click our Livepdq link today to find out more information on life settlements.