Cook and Kocher Insurance Group

Charitable Gift of a Life Insurance Policy

Life Insurance has become popular over the past few years as a way to provide substantial support to favorite charities or other causes at a relatively modest cost-and trim income taxes in the process without diminishing other assets intended for your retirement or your family.

A donor has three basic choices in making a charitable gift of life insurance.

  • the donor may give an existing policy to the charity.
  • the donor may apply for a new policy on his or her life, with the charity as the original owner and beneficiary.
  • the donor may designate a charity as the beneficiary of a policy that the donor continues to own.

CKIG will advise you on the option that will best suit your needs.

Cook and Kocher Insurance Group
300 S. Northwest Highway, Park Ridge, IL 60068
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