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Atlanta
Life General Agency The
Legacy Plan
The Joy of Giving
There are infinite reason for giving to institutions and organizations. However, there is one key reason for giving, to ensure the continued growth and development of an organization! Each year billions of dollars are contributed to educational institutions, churches and various non-profit organizations. Charitable contributions ensure a continuous source of funding for the achievement of the goals and missions these great institutions. The Legacy PlanThe Legacy Plan is a charitable giving program that allows individuals to contribute to an organization through life insurance proceeds. This method of charitable giving has been historically overlooked, although it provides the best advantages for both the donor and the organization. Advantages of the Legacy PlanThere are some practical advantages to this form of giving. One of the primary advantages of using life insurance in making a gift to an organization is that the ultimate size of the gift is “guaranteed”. Another advantage of using insurance is that it frequently enables the donor ultimately to make a much larger gift than otherwise would have been possible. If the policy is owned by the organization they will have control of the cash value that accrues in the policy. Example: 200 Policy’sAverage
Age: 45 male
Average Age: 45 male Annual Premium: $816.50 Annual Premium: $453.25Face Amount: 50,000 Face Amount: 25,000Death
Benefits: $10,000,000
Death Benefits: $5,000,000 Cash
Value:
Cash Value: 5
years: $530,000
5 years: $265,000 10
years: $1,500,000
10 years: $750,000 20
years: $3,630,000
20 years: $1,815,000 With a gift through life insurance, the proceeds are paid in cash with no delay to the organization. This means that the organization will be able to put funds to work immediately. The Goal of the Legacy Plan The participation in the Legacy Plan will help insure the continued growth and development of the organization well into the future. But most importantly, the seed that will be planted will grow and blossoms to enhance the lives of generations to come. While we have an urgent and expanding need for immediate funds to meet current operating expenses, we also need gifts that build the future. Since future needs are great, such gifts will undoubtedly play an important role in providing financial support in the years to ahead. Contact Information Leo Pinkett Managing General Agent Office: 404-525-8877 |
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