Bay Area Insurance and Charity Gifts
Should you regularly donate to charities, you may be interested in learning about yet another way you might help others through your Bay Area insurance. It’s possible to set up a charity beneficiary through a life insurance policy which will allow you to donate to the charity or charities of your choice.
Any charity beneficiaries you have nominated in your life insurance policy will receive a payout in the event of your death. It’s possible to tailor this so they might receive a set amount or a percentage of your total assets at that time. Furthermore you might instruct that they receive a one-off payment or regular smaller payments over a set time. There may also be financial incentives in contributing to a charity in this way, so that you can make a larger contribution than if you simply donated the cash equivalent of the premiums.
Life insurance may work in a number of ways: as an inheritance for your family, as a large donation for a charity or group and even sometimes as a savings plan. To find out more about life insurance, why not give your Bay Area insurance agent a call? They’ll assist with advice and information on all aspects of life insurance.