Gift Insurance to Charity | Canadian Capital

Posted: September 25, 2012 in articles
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Learn how this strategy can help a cause and save tax for your heirs

Philip Porado, Jul 9, 2012

Most people don’t know how they can use annuities and insurance to boost their charitable giving.

“People are saying, ‘Don’t buy annuities now because interest rates are low,’ ” says John Jordan, CFP, an insurance and estate planning specialist. The other common argument is that life insurance is expensive, but Jordan asks, “Expensive compared to what?”

Insurance may be pricey at the front end, but it hedges against a person’s longevity and inflation by obtaining a policy for a larger sum than you would be able to amass in cash.

via Gift Insurance to Charity | Canadian Capital.

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