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Advisor Name, designations

Financial Professional

 

Prudential Advisors

236 Broadway

Menands, NY 12204

 

Phone:  800-243-5334

Fax:      800-720-0780

 

 

Email: sales@ltmclientmarketing.com

Website: letstalkfinancialwellness.com

November/December 2024

The Gift of Life Insurance

Do good things. Create well deeds. Charity and miracle. Christmas and New year mood. Festive background. To make people happy. Xmas miracle. Charitable foundation. Helping hand. Give love. Holiday.

In this season of giving, some people want to give more to a favorite charity or organization but don't have the funds to do so. Giving the gift of life insurance is a cost-efficient way to increase your charitable giving.


Your Choice
There are a few ways to give life insurance, some of which may include current or future tax advantages. Talk to your accounting professional to learn more about how you may benefit a charity and receive tax benefits in return.


Charitable Choices
One way is to rename a charity as beneficiary, eventually removing this benefit from your estate.


Another way to make charitable use of life insurance is to ask your insurance company if it can issue a charitable rider, directing a percentage of the death benefit to a named charity. If, for example, you have a $500,000 policy and you acquire a rider of 10%, the charity would eventually receive $50,000, with your named beneficiaries receiving the remainder.


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Life insurance is issued by The Prudential Insurance Company of America, Newark, NJ, and its affiliates. Securities products and services are offered through Pruco Securities, LLC (Pruco) (member SIPC). Prudential and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Prudential, the Prudential logo, and the Rock Symbol are service marks of Prudential Financial Inc., and its related entities, registered in many jurisdictions worldwide. Prudential Advisors is a brand name of The Prudential Insurance Company of America and its subsidiaries.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
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