Charity Can Begin With the Gift of Life Insurance

Even in a tough economic environment, with a little foresight and creativity, there are many ways you can support worthwhile endeavors and gain satisfaction knowing you’ll be able to contribute for the long term.

Regardless of your income level, you can continue to support your favorite philanthropic organizations by donating through life insurance. When you name your chosen charity as the beneficiary of your policy,1 you are contributing to a worthy cause and can benefit from potential tax deductions.

There are several methods of gifting life insurance as a charitable donation:

This educational third-party article is being provided as a courtesy by New York Life Insurance Company. For more information on this topic, contact me.

Neither New York Life Insurance Company, nor its agents, provides tax, legal or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions.

1Must be a qualified charity.
New York Life does not provide tax advice. For tax advice specific to your situation, please contact your professional tax advisor. Also, state laws vary with respect to charities and insurance. Consult your legal advisor for details.

SMRU: 00334102CV

Helping You Achieve Your Financial Goals

Ronald "Buddy" Bailey is an agent of and licensed to sell insurance through New York Life Insurance Company and may be licensed with various other independent unaffiliated insurance companies in the states of AK and WA. No insurance business may be conducted outside this/these state(s) referenced.

Ronald "Buddy" Bailey is also a Registered Representative of and offers securities products & services through NYLIFE Securities LLC, Member FINRA/SIPC, a licensed insurance agency. In this regard, this communication is strictly intended for individuals residing in the states of AK and WA. No offers may be made or accepted from any resident outside the specific state(s) referenced.