Life Insurance Policies make up approximately 1/3 of the total gifts to our Endowment. With over 100 policies, they can be both a blessing and a pain. As a planned giving vehicle, a life insurance policy offers an tool for leveraging donor dollars. However, underwriting, annual monitoring, and the accounting challenges can make them a very time consuming challenge for even the largest United Ways.
You will find a 1 page overview of our governing policies for gifts of insurance by clicking
HERE. As always, I upload the documents to Google Drive and access is limited, so it's safe.
Finally, if you are considering adding insurance policies as a planned giving option, seriously consider United Way Life.
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