Gifts of Life Insurance - Gift-Replacement: The Details

Is this gift right for you?

A Gift-Replacement Life Insurance is for you if…

• You are a younger donor, with a family, who is considering a significant gift to the National Audubon Society.
• You don't want your gift to impact your family's long-term financial security.
• Income from your gift is less important to you than the charitable deduction.
• You understand the benefits of a gift that provides you with an income for your lifetime.
• You understand that your donation for a life income gift will significantly help Audubon as it also pays you an income and saves you income and capital gains taxes.

The problem? Taking an asset out of your portfolio to fund a life-income gift could jeopardize the financial benefit your children or heirs are counting on from your estate. A life-income gift will help you, but what will its effects be on them?

There is a solution. Use the income you will receive from your life-income gift to pay the premiums on a gift-replacement life insurance policy benefiting your heirs. Set the death benefit of the policy at an amount equal to the value of the assets you contributed to the National Audubon Society (or a larger sum reflecting how those assets would have grown in value).

At your death, the National Audubon Society will receive the remaining balance in your life-income gift. Your heirs will receive the proceeds of the life insurance policy.

The result? You've done what you thought you couldn't do – make a substantial gift to Audubon and also fully provide for your heirs in your estate.

Please contact us so that we can assist you through every step of the process.

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