Financial Instruments In Perpetuity For
- Any Public or Private 501(c)(3)
- Colleges and Universities
- Faith-Based Missions
- Artistic Advancement
- Religious Endowments
How Does The Endowment For Life Program Work?
Participants in the Endowment For Life program will utilize their excess
capacity to obtain life insurance from a highly rated insurance company and
designate their favorite organization as their irrevocable beneficiary. The
participants must have a net worth of at least $2,500,000. The participant's
designated CPA will be called upon to verify this once it has been determined
that they are an appropriate candidate for a life insurance policy.
The participants will seed an Irrevocable Life Insurance Trust in conjunction
with a major financial institution that pays all premiums. The seeding of the
trust is not tax deductible. The participants then name the designated
non-profit charity they wish to receive a portion of the policy proceeds.
Key features of the
Endowment For Life program.
- Policies range from $2,000,000 - $30,000,000 per participant
- The 501(c)(3) will receive a minimum of 6% of the face value of the policy
- The Endowment For Life participant must be between 70 - 88 years of age