Life Insurance Charity Donation
Donate your Life Insurance Policy to Charity or Church
Charitable organizations who own donated life insurance policies may, with the donor’s consent, pursue a life settlement on policies for qualified seniors. A life settlement is simply the sale of a life insurance policy by a senior over the age of 70 to an institutional funder for an amount greater than the cash surrender value. Because some charities prefer to receive cash donations as opposed to accepting deferred gifts such as life insurance policies, a life insurance settlement can present an attractive option for both the donor and the charitable organization prior to the policy being donated. Furthermore, charities that have already accepted donated policies should conduct periodic reviews and determine whether a life settlement would be suitable in certain situations, depending upon the policies’ performance, and the cost to maintain them.
If you are a charity, church, or individual policy owner call 1-888-973-8377 or fill out our online evaluation form to see if a settlement is available.
