Life insurance has long been used as a financial tool for estate and tax planning purposes. Because the original purpose of the coverage often diminishes over time, individuals sometimes donate unneeded policies to non-profit organizations, such as the AACR. By doing so, donors can give a much larger gift than what they may otherwise be able to provide.

The traditional method of donating an existing life insurance policy is to name the charitable organization as the beneficiary, or the owner of the policy. In either case, the original policy owner is usually responsible for paying the premiums. As time goes by, sometime donors are no longer able to make the premium payments necessary to maintain the gift. In other situations, policies that were intended to be self-funded sometimes require more payments years later to preserve the death benefit.

Donor Benefits:

• Good use of an asset that is no longer needed
• Substantial gift without using other assets
• Applicable tax deductions (consult your tax advisor)
• Reallocate future premiums to other planning needs

Join us on Tuesday, May 17 or Thursday, May 19 from 1-1:30 p.m. for an informative and entertaining presentation by Jason Mendelsohn, cancer survivor and President of Ashar Group, as he discusses this creative and often overlooked approach to philanthropic planned giving.

Webinar Dates and Times

• AACR Members, General Public, and AACR Donors: Tuesday, May 17; 1-1:30 p.m. ET
• Professional Advisors and Financial Planners: Thursday, May 19; 1-1:30 p.m. ET

To RSVP for either session, please email [email protected].

To learn more, please visit Ashar Group’s website.