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Gift-Replacement Life Insurance
How it works
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You create a gift plan like a Charitable Gift Annuity or a Unitrust that will pay you income for your lifetime.
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You also create a life insurance policy, naming your children or other heirs as beneficiaries. The amount of the death benefit equals the contribution you made to create your life-income gift.
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You pay the premiums for the policy from the income you are receiving from your life-income gift. |
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At your death, World Vision receives the remaining balance of your gift plan and your heirs receive cash in the amount of your original gift. |
Benefits
- You make a significant gift to World Vision with no negative effect on your family's financial security.
- After your gift, your estate is replenished for the benefit of your heirs.
- No new assets are required to pay for this replacement: tax-savings from the charitable deduction plus income you receive from your new gift plan pay the premiums.
- Donors with large families or children who will need long-term assistance can consider helping World Vision at a level they never thought possible.
- One asset can do the work of two: make a gift to World Vision, and provide an equal benefit to your heirs.
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1-800-426-5753
P.O. Box 9716
Federal Way, WA 98063-9716
E-mail: giftplanning@worldvision.org Who Is World Vision?
World Vision is a
Christian humanitarian organization dedicated to working with children,
families and their communities worldwide to reach their full potential
by tackling the causes of poverty and injustice.
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