self-same few individuals decide one day to write a check for $100000 or more to their favorite charity.

self-same few individuals decide one day to write a check for $100000 or more to their favorite charity, namely the MTNA FOUNDATION supply But with life insurance, it effectively can preciousness very little to be in such a manner generous. Life insurance enables a charitable individual to make a substantial coming gift by making small premium payments from one side of to the other time.

The advantages of funding a charitable giving plan with life insurance include ready payment of death benefits to the MTNA FOUNDATION FUND; a policy's growing cash value also may be borrowed according to 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 single out 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 move forwards of a current policy. Simply contact your insurance agent and declare him or her of your wish either to replace the existing beneficiary or name an additional the same to your existing, in-force life insurance contract. In this case, you can't withdraw the premium payments from your income taxes, if it be not that you maintain control of the policy and could decide to change the beneficiary at any time.

You also may purchase a just discovered policy naming the MTNA FOUNDATION foundation 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 mastery of the policy and could decide to change the beneficiary at about point. Another very simple way to make a now passing 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 stock for the purpose of purchasing life insurance. in subordination to this scenario you expressly direct the FOUNDATION stock to use your gift to purchase life insurance in succession your life. This provides you with a existing income tax deduction while the MTNA FOUNDATION capital pays the premiums, maintains ownership of the policy and receives the accrues of the policy upon your death.

To learn more about making a charitable gift by means of life insurance or to discuss other classifications of charitable giving to the MTNA FOUNDATION capital contact Shirley Raut, director of unravelling 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.

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