Insurance Donations:
A very common way to give to charities is through a life insurance policy which has a cash surrender value. The size of your donation will be based on your age, gender and health based on underwriting requirements. Your donation could be considerably higher as a small outlay could fund a large payment at death.
One can also donate an existing policy by simply transferring ownership of the policy to the charity and naming the charity as the beneficiary.
If you continue to pay the life insurance policy premiums annually, you will then receive charitable donation receipts from the charitable organization on an annual basis.
Transfer Ownership-On an Existing Policy:
