FAQs

Who is Insuring A Better World Fund?

Insuring A Better World Fund is a charitable program operated by the InterVivos Foundation, a tax exempt, publicly supported charity under Section 501(c)(3) of the Internal Revenue Code.

What does Insuring A Better World Fund do?

Insuring A Better World Fund works with charities, insurance professionals and donors to identify unneeded and unwanted life insurance policies suitable for donation. Insuring A Better World Fund pays all premium and other costs of donated policies for the benefit of the donor’s chosen charities.

How does Insuring A Better World Fund work?

Insuring A Better World Fund works with charities, insurance professionals and donors to identify unneeded and unwanted life insurance policies suitable for donation. Insuring A Better World Fund pays all premium and other costs of donated policies for the benefit of the donor’s chosen charities.

Who pays all the premium and other expenses?

Insuring A Better World Fund does. Neither you or your chosen charity is responsible for paying any future premium or other costs of donated polices. Donors choose; Insuring A Better World Fund pays; and charities receive the benefits.

What are the obligations of supported charities?

Insuring A Better World Fund’s supported charities are NOT responsible for paying premium or any other expenses of donated policies. Nor are supported charities required to augment or change any of their existing staff. There are no administrative burdens or costs to charities. Insuring A Better World Fund’s supported charities are expected to (i) recognize a donor for their donation to the charity; (ii) agree to use only informational documents supplied by or approved by Insuring A Better World Fund (to ensure accuracy and protect the integrity of the program); and (iii) maintain their status as public tax-exempt charitable organization.

Are all policies accepted for donation?

Unfortunately, no. Insuring A Better World Fund utilizes its management’s years of experience and expertise in underwriting and evaluating life insurance policies. We evaluate policies offered for donation to determine whether charities would benefit from the donation. If a policy is appropriate for donation, Insuring A Better World Fund accepts it and pays premium and all other costs.

Does Insuring A Better World Fund accept policies that have already been donated to our charity?

Yes. Please contact us for a full review of the charity’s current life insurance policies and for more in-depth information of how Insuring A Better World Fund can pay the premium on polices already donated to your charitable organization.

Will Insuring A Better World Fund bring new donors to their supported charities?

Yes. New donors will be found through our network of life insurance professionals and other referral sources (e.g., CPAs, attorneys and other financial advisors). Additionally, new donors will be found through your charity’s network of life insurance professionals and other referral sources. Now you have something new to talk about that does not cost your donor money.

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