Gifts of Life Insurance
Life Insurance Policy
An important but frequently overlooked role of life insurance is the one it can play in charitable gift planning. Life insurance itself can be the direct funding medium for a gift, permitting the donor to make a substantial gift (face value of policy) for a relatively modest annual outlay (i.e., the premium payment).
Life Insurance to Replace Gift
Life insurance can also be used to replace an asset that has been given to MCI. How it works: After a donor makes a gift to MCI, the tax savings produced by the charitable deduction are used by his or her children or an irrevocable trust to purchase and pay the premiums on a life insurance policy on the donor’s life. Such an arrangement can ensure that the interests of family beneficiaries will not be adversely affected.
Currently, MCI has 46 highly trained, indigenous Master Trainers in the Unreached World. These skilled instructors have trained more than 150,000 indigenous pastors, evangelists, and missionary church planters.
