Build a Legacy of Giving

The gift of life insurance is an affordable way to make significant contributions to your favorite charity. By using long-term, compounding effects of life insurance to fund your charitable giving, you don't need to be wealthy to give a meaningful gift. And, you may also receive considerable tax benefits.

How to donate
To make a charitable contribution using life insurance, you typically would apply for a permanent life insurance policy on your life and name the charity as both the owner and beneficiary of the policy. Since the charity is the owner, your annual gift of the premium payment will be tax deductible as charitable income.

Then throughout your lifetime, the charity will have access to the cash value of your donated life insurance policy. If you ever would need to discontinue your premium payment contributions, any accumulated policy values would still provide a worthwhile gift. In addition, a policy benefit is available that can prevent the plan from lapsing in the event of your total disability.

Tax benefits
Under the current law, the charity would receive the life insurance proceeds from the policy on a tax free basis upon your death, or when the policy matures, whichever comes first. Also, no complex probate procedures will be required to settle the claim, and your estate will not owe gift or estate taxes on the amount of the claim.

Leave a legacy
Since life insurance is a long-term venture, even modest annual gifts of money will have the chance to compound over time. This means you could end up making a larger contribution than you ever thought possible.

By combining philanthropy and life insurance when building your estate plan, you can build a lasting legacy and influence the good works of a charity beyond your own lifetime.

The Northwestern Mutual Life Insurance Company, Milwaukee, WI.

Andrew Alford : Northwestern Mutual

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1600 Division St Ste 400

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Nashville, TN

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37203-2747

Phone: 615-742-8785

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Northwestern Mutual is the fleet name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM), and its subsidiaries. Northwestern Mutual Financial Network is the marketing name for the sales and distribution arm of Northwestern Mutual. Andrew Henderson Alford is a Representative of Northwestern Mutual Wealth Management Company®, Milwaukee, WI (WMC), a wholly-owned company of NM and limited purpose federal savings bank. WMC is not a broker-dealer or insurance company. All WMC products and services are offered only by properly credentialed Representatives who operate from agency offices of WMC. Representative is an Insurance Agent of NM (life insurance, annuities and disability income insurance), and Northwestern Long Term Care Insurance Company (NLTC), a subsidiary of NM (long-term care insurance), and a Registered Representative of Northwestern Mutual Investment Services, LLC (NMIS), 1600 Division St Ste 400, Nashville, TN 37203-2747, 615-742-8700, a wholly-owned company of NM, registered investment adviser, broker-dealer and member FINRA (www.finra.org) and SIPC (www.sipc.org). Representative may also be an Investment Adviser Representative of NMIS. NM and The Pruett Financial Group are not broker-dealers, registered investment advisers or federal savings banks. There may be instances when this agent represents insurance companies in addition to NM or its affiliates.

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