Charitable Gifts

Make a planned gift now and create a legacy at your favorite charity
 

Al and Helen, ages 64 and 61, have more than enough money to live a comfortable retirement, and would each like to give $50,000 dollars to a favorite charity at the time of their deaths. However, they only feel comfortable giving away $50,000 in total, and so are having a tough time deciding which charity should receive their contribution.

They discuss splitting the money between two charities, but realize that a single, large contribution will be more impactful. How can Al and Helen meet their charitable objectives while fulfilling their individual priorities?

 After meeting with their New York Life agent, Al and Helen discover that a NYLIAC Instant LegacyTM Single Premium Universal life insurance policy1 may provide the answer to their dilemma. The couple splits their $50,0002 savings and purchases two individual life insurance policies, each with a life insurance benefit of $50,000.

Al and Helen maintain control over both policies throughout their lives, thus preserving their flexibility to change beneficiaries, or, if they have a need, to cancel their policies with the money back guarantees.3 Best of all, Al and Helen were able to double their capacity to make a charitable gift and make legacy gifts to both of their favorite charities.

 With Instant Legacy, Al and Helen can plan for
$50,000 gifts to both charities!

 Gift of Insurance

1. Issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company.
2. The couple must add $275 to purchase two $50,000 policies.
3. You may request that the cash surrender value of this policy be paid to you. As stated in the policy, the cash surrender value will never be less than the premium you paid into the policy, less any partial surrenders and outstanding loans including loan interest.

These illustrations are hypothetical and intended for illustrative purposes only.

Ruthe B. Schwartz is an Agent for New York Life Insurance Company.  Money In Motion Inc. is not owned or operated by New York Life Insurance Company, its subsidiaries or affiliates.

406259CV (Exp. 11/2011)