Charitable Giving

Let's assume that you wanted to give a lot of money to your favorite charity or church. We all would like to give $50,000 or $60,000 to a good cause. Even $100,000 would be better. But the money just isn't available. Here's the solution that can help everyone.
Life insurance can be used in a very interesting way. By naming a charity or other non-profit organization as beneficiary of a life insurance policy, you would be able to use the premiums as a tax deduction. In the event of death, the church would be able to receive a "gift" of thousands of dollars.
Many agents prefer whole life policies because they build cash value, which can be used in the event of emergency. And making the charity the owner of the policy gives control of the policy. Some clients would rather keep ownership of the policy to themselves. Either way is okay.
So overall, it's a win/win situation for the organization and the client. The non-profit can receive large donations that you have created, and you can help reduce your tax bill.
And there are so many worthy causes that could use help like this. The list includes humane societies, churches, Salvation Army, as well as organizations that want to fight diseases of the body and mind.
For more information, call Chris Castanes at 843-283-3300 or email him at castanes@gmail.com