How to create an impact with life insurance

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what's in this lesson?

People often associate life insurance with a pay out meant for family or close friends. However, life insurance can also help you create a lasting impact through charitable donations. Check out this quick lesson to learn more!

How to create an impact with life insurance

life insurance

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  • Overview
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How to create an impact with life insurance

life insurance

People often associate life insurance with a pay out meant for family or close friends. However, life insurance can also help you create a lasting impact through charitable donations. Check out this quick lesson to learn more!

Here are some unique ways to use your life insurance policy and how to create a lasting impact:

  • You can leave the payout of your life insurance to one person, two people, or many people! Just decide who is the primary benefactor and who is a contingent benefactor– the contingent benefactor only gets the payout if the primary one peaces out before you do.
  • You can ALSO leave your payout to CHARITY!

How to leave your payout to a charity or organization:

You can pick a problem on this planet and dedicate your literal life — well, death — to help solve it.

It’s nice to know that in case of your untimely “kicking the bucket”, with those few bucks a month, you could leave your family or a charity of your choice somewhere between 25 thousand and 1 MILLION dollars!

Companies like Life Legacy allow you the ability to add a nonprofit organization as a beneficiary without jumping through hoops.

For example, let’s say you wanted to support The World WildLife fund after you’re gone. You could pick a plan that allows you to donate 10% (or whatever percentage you want) to the WWF and the remainder to your friends or family. That way you can save the manatees and help your future kids afford college.

Your contributions can make a real impact and that’s something that can give you a lot of peace of mind about the whole thing.

 

what's in this lesson?

People often associate life insurance with a pay out meant for family or close friends. However, life insurance can also help you create a lasting impact through charitable donations. Check out this quick lesson to learn more!

Transcript

Here are some unique ways to use your life insurance policy and how to create a lasting impact:

  • You can leave the payout of your life insurance to one person, two people, or many people! Just decide who is the primary benefactor and who is a contingent benefactor– the contingent benefactor only gets the payout if the primary one peaces out before you do.
  • You can ALSO leave your payout to CHARITY!

How to leave your payout to a charity or organization:

You can pick a problem on this planet and dedicate your literal life — well, death — to help solve it.

It’s nice to know that in case of your untimely “kicking the bucket”, with those few bucks a month, you could leave your family or a charity of your choice somewhere between 25 thousand and 1 MILLION dollars!

Companies like Life Legacy allow you the ability to add a nonprofit organization as a beneficiary without jumping through hoops.

For example, let’s say you wanted to support The World WildLife fund after you’re gone. You could pick a plan that allows you to donate 10% (or whatever percentage you want) to the WWF and the remainder to your friends or family. That way you can save the manatees and help your future kids afford college.

Your contributions can make a real impact and that’s something that can give you a lot of peace of mind about the whole thing.

 

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