Charitable donations with the Insured Annuity strategy
Through this economic downturn, many charities have seen donation levels drop, as potential donors feel uncertain over their future income.
Estate benefits
The charitable Insured Annuity strategy offers a creative way for retirement-aged donors to make a significant charitable gift, while still continuing to receive the guaranteed income they need.
This strategy uses the tax efficiency of annuity payments and the charitable donation tax credit to enhance the contributor’s returns.
Gift plus income
The charitable Insured Annuity strategy preserves your gift for the charity upon your death. You purchase a life annuity and a permanent life insurance policy, naming your charity as the irrevocable beneficiary.
You get tax-efficient annuity income, plus a charitable tax deduction for the insurance premiums; the charity receives the insurance death benefit. We can help you decide if the Insured Annuity strategy can facilitate your charitable giving.