You Choose. We pay. Charities receive.
Transform your uneeded life insurance into your philanthropic ideal at no cost to you.
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Transform your uneeded life insurance into your philanthropic ideal at no cost to you.
Transform your uneeded life insurance into your philanthropic ideal at no cost to you.
Life insurance is a capital asset, just like a car, house or piece of art. Yet every year, it is estimated that thousands of seniors will lapse their policy, leaving over $100 billion in benefits behind. We believe this waste is an opportunity to do good.
Over 80% of adults 66+ years old don’t know there is an alternative to lapsing their unneeded life insurance. That is why Insuring A Better World Fund was founded. We have reimagined charitable gifts of life insurance. Now, your unneeded policy can become your legacy at no cost to you.
Life insurance is a capital asset, just like a car, house or piece of art. Yet every year, it is estimated that thousands of seniors will lapse their policy, leaving over $100 billion in benefits behind. We believe this waste is an opportunity to do good.
Over 80% of adults 66+ years old don’t know there is an alternative to lapsing their unneeded life insurance. That is why Insuring A Better World Fund was founded. We have reimagined charitable gifts of life insurance. Now, your unneeded policy can become your legacy at no-cost to you.
Your cash flow improves immediately. Once a policy is donated you are not responsible for premium payments or any other cost on the policy. You may also be entitled to a charitable tax deduction at the time of your gift. *
*Please note that we are not tax advisors and cannot give tax advice. Please consult with your tax professional for your specific circumstance.
There is no better way to celebrate outliving the need for your life insurance than to benefit your favorite charity. We distribute funds from a large portfolio of policies on a pro rata basis, allowing for distributions to your charity while you are alive. The charity of your choice is able to recognize your gift upon donation.
Everyone leaves a legacy, the values you want remembered and carried on after your passing. This is your opportunity to make a lasting impact by supporting a charity working on a cause you are passionate about. The best part is neither you nor your charity pays a dime.
Your cash flow improves immediately. Once a policy is donated you are not responsible for premium payments or any other cost on the policy. You may also be entitled to a charitable tax deduction at the time of your gift. *
There is no better way to celebrate outliving the need for your life insurance than to benefit your favorite charity. We distribute funds from a large portfolio of policies on a pro rata basis, allowing for distributions to your charity while you are alive. The charity of your choice is able to recognize your gift upon donation.
Everyone leaves a legacy, the values you want remembered and carried on after your passing. This is your opportunity to make a lasting impact by supporting a charity working on a cause you are passionate about. The best part is neither you nor your charity pays a dime.
*Please note that we are not tax advisors and cannot give tax advice. Please consult with your tax professional for your specific circumstance.
The 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.
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.
Owners donate their unwanted life insurance policy to Insuring A Better World Fund. Insuring A Better World Fund pays all premium and costs and administers all accepted policies. Insuring A Better World Fund then distributes the net death benefits to charities chosen by donors and our Board of Directors.
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.
In general, any policy owner (i.e., individual, trust or corporation) of a life insurance policy where: (i) the insured is aged 65 years or older; (ii) the policy has a death benefit of $250,000 or greater; and (iii) the policy was purchased more than three years ago. There are exceptions which may expand the eligibility.
All types of life insurance policies, including whole life, term, universal life, survivorship life, group life, etc.
Insuring A Better World Fund’s donation specialists will review your life insurance policy and current health condition to determine whether your policy is eligible.
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.
No physical exam is required. In order to properly value your policy, your health information is necessary to estimate the cost of future premiums. In most donations a simple health questionnaire is all that is needed. An Insuring A Better World Fund donation specialist will help you.
Yes. Donors may be entitled to receive a charitable deduction* based on the full fair-market value of their donated policies as calculated by a qualified appraiser.
*Please note that we are not tax advisors and cannot give tax advice. Please have your donors consult with their tax professional for their specific circumstance.
A life settlement is a sale of an existing policy. Insuring A Better World Fund does not buy policies. We do not have investors requiring investment returns. Insuring A Better World Fund serves charities in search of legacy-sized gifts. We aggregate, administer and pay all premiums of the donated policies to maximize the value of your gift for the charity of your choice.
We have a dedicated team of donation specialists who will help you start the donation process. Have a couple of questions first? We can answer those also.
We have a dedicated team of donation specialists looking forward to answering your questions, help start the donation process. Join the mission to ensure a better world for us all. Send us a message below or give us a call at (312) 819 0790.