Life Insurance to Replace Gift—Wealth Replacement
How it works
- You make a gift to 92NY
- You give the tax savings from the charitable deduction to your children
- Your children purchase an insurance policy on your life with the tax savings
- Your children will receive the proceeds upon your death
- You can make a significant gift to 92NY without diminishing the amount your family will receive
- Your tax savings finance this life insurance policy
Which Gift Is Right for You?
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