Spreading the Word
Insuring A Better World Fund’s founders, David Simon and Robert Stuchiner, have been
traveling coast-to-coast to share its mission to reimagine the collaboration between the life
insurance industry and charitable giving, and maximize the value of charitable gifts of life
insurance.
In recognition of Breast Cancer Awareness month and in honor of Dr. Bruce Chabner who served 27 years at National Cancer Institute and 13 years as the director of the division of Cancer Treatment at NCI, Insuring A Better World Fund is helping to make a difference. We are making unrestricted donations to help fund cancer research at the nation’s top cancer research hospitals.
It is with a heavy heart and great gratitude that I must announce the passing of our friend and fellow InterVivos Board member Bart Kogan. The Obituary below does not begin to cover his generous spirit and devotion to philanthropy. He was a member of our team, from the Board’s inception and his positivity emanated throughout our organization. Insuring A Better World Fund, philanthropy, and all of us, lost a bright light in our collective universe. We will miss him greatly. Let’s double our efforts to leave this world a better place. I know he did.
David Simon, President and cofounder of Insuring A Better World Fund, recently wrote an article on the Top Ten Ways To Give Life Insurance. This article addresses the ten best ways for non-profits to receive gifts of life insurance. Charities must not miss out on this enormous opportunity to solicit this non-cash alternative for legacy sized gifts.
ThinkAdvisor has published an edited version of this article on their website. Read it now to learn how charities can access this annual $100 Billion + asset class by transforming unneeded life insurance into legacy gifts at no cost to the charity or its donors.
Insuring A Better World Fund was created by two lifetime financial service professionals with a combined 70 years of experience in the life insurance industry.
Insuring A Better World Fund was created by two lifetime financial service professionals with a combined 70 years of experience in the life insurance industry.
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.