Giving Your Life Insurance Money to Charity? What?
filed in Inspiring, Insurance Advice on Dec.02, 2008
That was my reaction when I saw this article in MarketWatch. The article talks about alternative ways to still support the charities you love even in tough economic times. On the list was giving your life insurance to charity if you don’t need it anymore and if it has a cash value.
I thought the idea was interesting, but they did caution you to check into all aspect of such a donation before you consider it – this means talking with a tax advisor about your options and making sure you’re doing everything by the books. Click the link above to read more about this truly creative alternative to charitable giving.
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