Naming a Charity as a Life Insurance Beneficiary

Naming a Charity as a Life Insurance Beneficiary

Donating to a charity can be a rewarding personal experience. Whether you choose to do this during life or by naming an organization as a beneficiary, it’s a win-win situation.

By either giving the policy to an organization or naming the organization as a beneficiary, you’ll ensure your favorite charity will receive the funds they need to help others. If you like to think outside the box, the death benefit proceeds given to your family can provide the financial flexibility to make donations to the charity of their choice.

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How will my child’s weight affect life insurance?

How will my child’s weight affect life insurance?

Obesity among America’s youth is a growing epidemic with long-term ramifications for both the health and financial futures of those affected.

An estimated 17 percent of children and adolescents ages 2 to 19 are considered obese, according to the 2007-2008 National Health and Nutrition Examination Survey compiled by the Centers for Disease Control and Prevention, the last year for which statistics are available. That is about triple the rate from just one generation ago.

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How can I keep my life insurance policy proceeds private?

How can I keep my life insurance policy proceeds private?

If you’re a person who values confidentiality, life insurance can be a good way to pass along funds away from outside scrutiny or even other beneficiaries.

Life insurance can be easily modified so it isn’t considered a part of a policyholder’s estate, according to Edward E. Graves, author of “McGill’s Life Insurance.” This makes it immune from public disclosure. In other words, any information about the policy owner, their beneficiaries, or the amount of death benefit in the policy cannot be made public.

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How do I start a trust fund for my children?

How do I start a trust fund for my children?

Not only can cash from a life insurance policy help settle present financial matters, it can also ensure that your family’s dependents are taken care of down the road. Children are the most in need of financial support that can stretch from a few years to a lifetime. Additionally, you or your spouse may need funds during the grieving process before returning to employment.

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