Life Insurance: Tax Issues
In order for a donor to receive a charitable deduction for the gift of a life insurance policy, a number of terms must be met.
In order for a donor to receive a charitable deduction for the gift of a life insurance policy, a number of terms must be met.
Valuing life insurance, when it's being used as a charitable gift, isn't quite as easy as it may appear on the surface. Let's take a look at why that is.
Most donors don't naturally think of life insurance as an asset they may be able to give to your organization. Don't shy away from it--bringing up the subject of life insurance doesn't require you to be an expert on the topic.