Build a Legacy of Giving

The gift of life insurance is an affordable way to make significant contributions to your favorite charity. By using long-term, compounding effects of life insurance to fund your charitable giving, you don't need to be wealthy to give a meaningful gift. And, you may also receive considerable tax benefits.

How to donate
To make a charitable contribution using life insurance, you typically would apply for a permanent life insurance policy on your life and name the charity as both the owner and beneficiary of the policy. Since the charity is the owner, your annual gift of the premium payment will be tax deductible as charitable income.

Then throughout your lifetime, the charity will have access to the cash value of your donated life insurance policy. If you ever would need to discontinue your premium payment contributions, any accumulated policy values would still provide a worthwhile gift. In addition, a policy benefit is available that can prevent the plan from lapsing in the event of your total disability.

Tax benefits
Under the current law, the charity would receive the life insurance proceeds from the policy on a tax free basis upon your death, or when the policy matures, whichever comes first. Also, no complex probate procedures will be required to settle the claim, and your estate will not owe gift or estate taxes on the amount of the claim.

Leave a legacy
Since life insurance is a long-term venture, even modest annual gifts of money will have the chance to compound over time. This means you could end up making a larger contribution than you ever thought possible.

By combining philanthropy and life insurance when building your estate plan, you can build a lasting legacy and influence the good works of a charity beyond your own lifetime.

The Northwestern Mutual Life Insurance Company, Milwaukee, WI.

Northwestern Mutual is the fleet name for The Northwestern Mutual Life Insurance Company, Milwaukee WI (NM), its subsidiaries and affiliates. Bleakley, Schwartz, Cooney & Finney is a marketing name used by Northwestern Mutual representatives located at 100 Passaic Ave, Suite 300, Fairfield, NJ 07004-3508. Bleakley, Schwartz, Cooney & Finney is not a registered investment advisor, broker-dealer, federal savings bank or subsidiary or affiliate of NM. Insurance Products are available through insurance agents of The Northwestern Mutual Life Insurance Company, Milwaukee, WI (life insurance, disability insurance, and annuities) and Northwestern Long Term Care Insurance Company, Milwaukee, WI, a subsidiary of NM (long term care insurance). Securities and investment advisory programs are offered through registered representatives and investment advisory representatives of Northwestern Mutual Investment Services, LLC (NMIS), a wholly-owned company of NM and a dually registered broker-dealer and investment adviser, member FINRA (www.finra.org) and SIPC (www.sipc.org).Investment advisory programs and trust services are offered through Representatives of Northwestern Mutual Wealth Management Company® (NMWMC), Milwaukee, WI, a wholly-owned company of NM and limited purpose federal savings bank. Investment products are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by, NMWMC or its affiliates and are subject to investment risks, including possible loss of the principal amount invested. The products and services referenced are offered and sold only by appropriately appointed and licensed entities and representatives of such entities. Each Financial Representative represents one or more, but not necessarily all of the entities shown and may not provide all the services discussed on this Web site. Not all products and services are available in all states. The Northwestern Mutual Life Insurance Company is neither a registered investment adviser nor a registered broker-dealer. There may be instances when these insurance agents represent insurance companies in addition to NM or its affiliates.Not all persons using the Bleakley, Schwartz, Cooney & Finney name are able to offer advisory services or securities.