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How It Works

• You create a gift plan like a Charitable Gift Annuity or a Unitrust that will pay you income for your lifetime.
• You also create a life insurance policy, naming your children or other heirs as beneficiaries. The amount of the death benefit replaces the contribution you made to create your life-income gift.
• You pay the premiums for the policy from the income you are receiving from your life-income gift.
• At your death, THE ASSOCIATED receives the remaining balance of your gift plan, and your heirs receive cash in the amount of your original gift.

Benefits

• You make a significant gift to THE ASSOCIATED with no negative effect on your family's financial security.
• After your gift, your estate is replenished for the benefit of your heirs.
• No new assets are required to pay for this replacement: tax-savings from the charitable deduction plus income you receive from your new gift plan pay the premiums.
• Donors with large families or children who will need long-term assistance can consider helping THE ASSOCIATED at a level they never thought possible.
• One asset can do the work of two: make a gift to THE ASSOCIATED and provide an equal benefit to your heirs.

Questions and Answers

I’ve heard of an Irrevocable Life Insurance Trust. Should I use that to hold my policy?

Will I get to enjoy any of the income from my gift plan, or will all of it be applied to the life insurance policy premiums?

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