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Life Settlements - A Top Choice Among Church Fundraising Ideas

Any Church Fundraising Ideas should include a life settlement as a top consideration. This financial instrument presents a tremendous church fundraising opportunity. Many charity organizations, and non profit organizations can benefit from donated life insurance policies.

What is a life settlement and how does it work?

Individual estate and tax planning strategies can sometimes get complex when incorporating a life settlement into a charitable giving plan. However, in simplest terms, a life insurance policy owner can donate an unwanted or unneeded policy to a favorite charity and that non profit organization can immediately convert the policy into cash through a completed life settlement transaction.

Criteria for Eligibility:

  • The insured must be at least age 70 unless a serious illness or condition is present
  • A life policy death benefit or face amount of at least $250,000
  • Policy has been in force for at least two years



  • How Policy Donor Benefits:

  • Donation to a favorite charity doesn't affect personal cash accounts or other income-producing assets
  • Receipt of a healthy tax deduction for the policy market value (sale proceeds)
  • Enjoyment from watching a donation being utilized while living.
  • Elimination of premium payments
  • Removal of a taxable asset from an estate if the policy is individually owned
  • How Non Profit Organizations Benefit:

  • Receipt of a donation from someone who normally may not have contributed
  • Receipt of immediate cash proceeds while a donor is living
  • Elimination of continued premium payments burden
  • Organization's financial forecasting is made easier
  • Non profit and church fundraising ideas can become reality

    Many non profit organizations hold life insurance policies that have been previously donated and those assets can be converted into immediate cash.

    Click here for more information on how your organization can benefit



    "Life insurance settlements provide living benefits that can be utilized by individuals, corporations, trusts, and non-profit or charitable organizations, alike. Senior policy holders, certified financial planners and their clients need to be aware of the tremendous monetary value hidden within many life insurance policies." - Robert M. Smith, CFP

    Fortress Financial Group, LLC, a northern Colorado based financial planning firm, founded by Robert M. Smith, CFP, focuses on strategies to legally preserve and protect 401k, 403b retirement plans and other pension plans from federal and state income and estate taxes. Fortress Financial Group, LLC, serves local and regional areas of Colorado, including Denver, Boulder, Colorado Springs, Fort Collins, Loveland, Greeley, and other locations within the U.S.

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