Life Insurance in a Private Foundation – Advisors


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When buttressed with a life insurance policy, a private foundation yields even more powerful philanthropic and wealth-management benefits. Not only does a foundation-owned life insurance policy allow you to extend a legacy of charitable work beyond your lifetime, but a life insurance policy does not impact the family home, business, or investment portfolio. By designating a private foundation as the beneficiary of a life insurance policy, the assets that your heirs expect to receive can be preserved. Further, a life insurance policy has the potential to provide certainty in terms of fixing the amount of the death benefit to be received by the foundation upon the insured’s death, providing meaningful  planning opportunities around the foundation’s future grantmaking and operations.

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