Many people, places and organizations are part of our lives. A scholarship to your dream school, a church that gave you the values you hold dear, an organization fighting a cancer that affected your family — these are the things that make us who we are. But how can we pay it forward? Charitable giving through life insurance is one way you can do that.
Charitable giving can mean donating to fundraisers on a regular basis, but you also can give to others through life insurance. Most people associate life insurance with protecting their family. However, you also can use life insurance to designate a monetary gift to a charity, church or other non-profit organization that’s made an impact on you and your family. With charitable giving, you can even leave money to more than one organization if you wish.
Charitable gifts of life insurance, both large and small, are a meaningful way to support organizations you care about — while making an impact and leaving a legacy long after you’re gone.
By donating with life insurance, both you and the charity you give to can enjoy benefits, including:
Any type of insurance can be used to set up a Legacy Giving plan. WoodmenLife offers a variety of life insurance products to meet your needs. Once purchased, you can transfer ownership of the certificate2 to a charity, church or other non-profit organization. You can also keep ownership and designate your charity as a beneficiary.3
Being able to put charitable giving in place begins with a good plan. The first step of an overall financial plan is to protect your family’s needs, and then create a charitable giving plan that works for you.
If giving to a cause close to your heart seems out of reach, you can make plans to reach these goals with life insurance. You can choose to gift a life insurance certificate or name a charity as beneficiary. In doing so, you’ll provide the charity of your choice with a monetary gift and a lasting legacy for a cause you believe in.
Contact a WoodmenLife Representative for more information.
We’ve been helping to protect the financial future of families like yours, making a difference in hometowns across America and honoring our country since 1890. As a not-for-profit life insurance company, we put money back into the community. We’re here when you need us most.Learn More About WoodmenLife