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1 Benevolent St.
Providence, RI 02906
Phone: 401-421-7970
Fax: 401-276-4291
Map & Directions |
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get involved
life insurance
Life insurance can be a particularly appealing option for leaving a gift to charity. It is easy to accomplish, and many people may have life insurance policies purchased for a specific purpose that is no longer relevant, such as to pay off a mortgage that no longer exists or to pay for the college education of children that are now educated. Though the need for the insurance is no longer present, the policy and its benefits may still exist. Life insurance benefits that are payable at your passing to a named beneficiary, including the church, avoid probate.
Get started: Contact your insurance company or agent and complete the change of beneficiary form in the same manner as described for annuities.
Disclaimer: The information provided here is intended to help you think about and evaluate your estate planning options when it comes to charitable giving. You should seek professional advice from an attorney or estate planner of your own choosing in preparing your actual estate plan. Material provided by Paul Brule, Esq. Walsh, Brule & Nault
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