Donating a life insurance policy can be a great way for a donor to give back to a charity or cause they support, but there are a few considerations both the donor and recipient should make.
According to one LIMRA study, more than 1 in 4 Americans who own life insurance policies say they purchased the policy with the intention of donating it to a charitable cause such as a non-profit or a college or university endowment fund.
What makes this method of giving popular?
What should donors and recipients know about giving and receiving life insurance policies?
How does donating a life insurance policy work?
For these answers and more, download our latest guide that contains everything you need to know whether you’re looking to donate a policy or you work for an organization who receives policies as donations.