Insuring A Better World Fund thoroughly enjoyed exhibiting and participating at the national CGP conference hosted in our hometown of Chicago. I am glad to see our presence left a lasting impression on attendees and showcased our commitment to bringing life insurance as a form of philanthropy.
Cue the scene of all the Barbies having the best day ever in Barbie Land when [record scratch] Barbie brings up “do you guys ever think about death?”. This shocks all the other Barbies. It may be uncomfortable, but this conversation needs to happen, and it is your obligation to make sure you understand your client’s legacy aspirations.
“To sell or not to sell that is the question.” This famous line from Shakespeare’s Hamlet is a timeless contemplation of life’s uncertainties. Life is a tapestry of choices and opportunities, and for Mr. O, a successful small business owner, it was a question of what to do with his life insurance policies. As the years passed and circumstances evolved, he found himself at a crossroads, faced with an array of options that would shape his legacy and impact future generations. Join us on a captivating journey of philanthropy and inspiration as we delve into the heartwarming story of Mr. O’s decision.
Life is a journey filled with unexpected twists and turns. For Mr. A, a successful financial planner, life had taken him on a path he never anticipated. He had purchased a life insurance policy two decades ago, intending to safeguard his loved ones in case of an untimely event. Little did he know that his noble intentions would lead him to a moment of profound generosity and gratitude, shaping the future in a way he never imagined.
Born in Alabama in June of 1880, Helen Keller lost her sight and hearing at 19 months old. She lived a full life of nearly 80 years as an author, lecturer, political activist, and most importantly, a disability rights activist who impacted the lives of many. She attended Harvard (Radcliffe) and was one of Time Magazine’s Hundred Most Important People of the 20th century.
Helen Keller never let her disabilities define her abilities.
Mage just won the Kentucky Derby on May 6th. This is a huge win for the horse, the trainer and the owners. However, this is just the first leg of the Triple Crown. Saturday is the Preakness followed by the last leg, the Belmont Stakes, on June 10th . Although Mage is entered in the Preakness, it remains to be seen who will win and whether or not Mage will even enter the Belmont Stakes. Winning the Triple Crown is very rare and has happened only thirteen times in over 100 years of horse racing.
This blog is going to focus on four events that although independent each significantly impact my current thinking. I hope that the events when viewed together may provide a roadmap for financial service industry professionals, nonprofit charitable organizations, Finseca, CGP and individuals to think about their own situations and how we can work together to ensure a better world for us all.
Mr. S was the first generation in his family to be born in the United States. His parents came to
this country with only the clothes on their back. Both parents worked and Mr. S and his siblings
spent their days at the local community center when not in school.
No matter what your politics, manmade or just nature taking its course, there is no question climate change is upon us. The annual Bank of America (formerly US Trust) study showed that although climate change was a top three issue for philanthropic consideration, climate change ranked barely in the top 20 of philanthropic donations.
The Masters Golf Tournament is held annually at the Augusta National Golf Club. The Masters is more than just a golf tournament; it is rich in history and legacy. Jack Nicklaus has won this prestigious championship a record six times. Tiger Woods began his legacy at the Masters in 1997 at only 21 years of age with a record-breaking score of 18 under par and has five titles to his credit. Arnold Palmer, nicknamed “the King” won the Masters four times. That is only part of their legacy.
Did you know that $250 million of senior owned life insurance lapses each year? So, during every 9-inning major league baseball game with an average time of 2 ½ hours, $71,350.00 of life insurance will lapse without paying a death benefit to anyone. Well it’s time for your charity and its donor pool to PLAY BALL in the $21 trillion life insurance asset class. You can hit a grand slam for your charity and your potential donors by repurposing unwanted life insurance for the benefit of charities that support causes that cure disease, educate the underserved, help veterans in need of medical and financial assistance, support religious institutions, protect the environment and so much more.
Insuring A Better World Fund strives to empower charities with valuable opportunities to enhance their impact. Today, we address a unique and often overlooked avenue for charitable giving—life insurance policies. Inspired by the insightful article from our President David Simon published on ThinkAdvisor titled “10 Top Ways to Use Life Insurance in Charitable Giving”, we explore how charities can effectively manage life insurance donations to maximize their benefits.