Charitable Giving
The Superfluous Life Insurance  Policy

The Superfluous Life Insurance Policy

A missed opportunity for charitable donations?

Of the over 18.4 trillion dollars’ worth of all forms of life insurance in force, over 85 percent of those policies are surrendered or lapsed before death.1 The insureds, however, can salvage some of these assets to be used for charitable donations. In reviewing your client’s assets, be sure to address life insurance in force that will lapse or be surrendered.  

Three forms of life insurance with assets that can be salvaged are: 

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish