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Charitable giving with life insurance - MTNA Foundation Fund Newstrue few individuals decide one day to write a check for $100000 or more to their favorite charity, namely the MTNA FOUNDATION capital But with life insurance, it effectively can take away from very little to be in the way that generous. Life insurance enables a charitable individual to make a substantial time to come gift by making small premium payments above time. The advantages of funding a charitable giving plan with life insurance include apt payment of death benefits to the MTNA FOUNDATION FUND; a policy's growing cash value also may be borrowed by the agency of the MTNA FOUNDATION FUND for special needs; giving without disrupting other assets reserv for your family; and qualifying for income, gift and estate tax deductions. However, depending upon the gifting strategy you elect some of these advantages may not be applicable. There are many ways to make a gift to the MTNA FOUNDATION stock through life insurance. One of the simplest is to name a charitable beneficiary to receive all or a portion of the continues of a current policy. Simply contact your insurance agent and take an account of him or her of your wish either to replace the existing beneficiary or name an additional individual to your existing, in-force life insurance contract. In this case, you can't remove the premium payments from your income taxes, on the other hand you maintain control of the policy and could decide to change the beneficiary at any time. You also may purchase a fresh policy naming the MTNA FOUNDATION stock as the beneficiary. In this case, you also hold the policy and pay the premiums. Again, you can't take out the premium payments, but you maintain direction of the policy and could decide to change the beneficiary at a certain quantity of point. Another very simple way to make a in every one's mouth charitable gift through life insurance is to donate policy dividends from cash values to the MTNA FOUNDATION FUND An additional option is to make cash donations to the MTNA FOUNDATION capital for the purpose of purchasing life insurance. beneath this scenario you expressly direct the FOUNDATION stock to use your gift to purchase life insurance upon your life. This provides you with a in every one's mouth income tax deduction while the MTNA FOUNDATION stock pays the premiums, maintains ownership of the policy and receives the get aheads of the policy upon your death. To learn more about making a charitable gift [i]or[/i] part of to the other life insurance or to discuss other meanss of charitable giving to the MTNA FOUNDATION capital contact Shirley Raut, director of exhibition at sraut@mma.org or (888) 512-5278 ext 242 for further information. Generous support of the MTNA FOUNDATION capital can help fulfill our mission while providing financial planning benefits as well. --James K Miller, JD Miller is a financial advisor with Raymond James Financial Services. COPYRIGHT 2003 Music Teachers National Association, Inc. The advent of electronic media and the information age has had a deep impact on social interaction and cultural identity. We have all set our notions of consciousness, our perceptions of re... I still have not however seen The Red Green exhibit As members who read NCEW valuable e-mail listserv may recall, R verdant is a Canadian-produced TV comedy 1 hear it's your basic laft-riot, em... As far back as I can remember I always wanted to be a pianist. Nobody could understand wherefore because there were no musicians in my family. The sole music I remember hearing was upon the radio, the so... On September 29, 2000 the FASB released FASB Statement 140 which replaces FASB 125 in its entirety, on the contrary carries forward many of its provisions without reconsideration. The major changes ... From overlay to cover, chapter to chapter, Finding Art's Place celebrates Nicholas Paley's contumely for the stuffy didacticism of his discipline. limit in an oblong format, Finding Art's Place resemb... store floor surface finish gage The Surfanalyzer 5400 surface finish gage brings high-level lab-gaging capabilities to the store floor. The compact system, available from Federal Prod... * BNI Pacific Rim Connectors--Meets each Monday morning at 7 a.m. at Quality Inn Baron Suites, 100 E Kellogg Rd For more information contact JD Merris, (360)738-9418 or Leena Kirschma... Making fully convinced grade crossings are smooth, safe and cost-effective is still the goal of today's manufacturers. To make better grade crossings, they listen to customers to find without what they need, th... ATLANTA--Babak Emanuel, single of Deljou Art Group's top painters, has created a novel publication featuring the evolution of his painting. Vigil of a Winter's secondary planet is a book that celebrates Emanuel's... |
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