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Gift Plans
Bequest Charitable
Bargain Sale Charitable Gift Annuity Charitable
Lead Trust Deferred Gift Annuity Donor
Advised Fund Remainder
Annuity Trust Remainder Unitrust Retained
Life Estate Testamentary Life-Income
Assets You Can Give
Appreciated
Securities Business Interests Cash Life
Insurance Lifetime Gifts of Insurance Gift-Replacement
Life Insurance Partnership Interests Real Estate Retirement
Plans
Gift-Replacement Life Insurance You're impressed by the benefits of a life-income gift: a donation that significantly helps charitable causes while also paying income back to you; and saves on 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 which will, in many cases, surpass the yield on the assets you donated and tax savings from the charitable deduction, to pay the premiums on a gift-replacement life insurance policy benefiting your heirs. Set the death benefit nof the policy at an amount equal to the value of the assets you contributed through Kentucky Baptist Foundation (or a larger sum reflecting how those assets would have grown in value). At your death, Kentucky Baptist Foundation will receive the remaining balance in your life-income gift for the benefit of one or more charitable causes . 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 through Kentucky Baptist Foundation and also fully provide for your heirs in your estate.
For more information Email us, complete the personal illustration form, or call us at so that we can assist you through every step of the process. Kentucky Baptist Foundation Planned Giving content ©2008 VirtualGiving | Disclaimer & Privacy Notice |