Life Insurance
Life insurance is a versatile tool that not only provides financial security for your loved ones but also offers an opportunity to support Indian River Lakes Conservancy (IRLC) and leave a lasting legacy for conservation.
By designating IRLC as a beneficiary of your life insurance policy, you can help preserve the natural beauty and ecological diversity of the Indian River Lakes region for generations to come.
How it Works
Policy Designation
Designate Indian River Lakes Conservancy as a beneficiary of your life insurance policy. You can choose to designate IRLC as the sole beneficiary or as a partial beneficiary alongside other beneficiaries.
Tax Benefits
Depending on the structure of your policy and your estate planning goals, you may be eligible for income tax deductions for premium payments, estate tax benefits, and potential elimination of capital gains tax on policy proceeds.
Flexibility
Life insurance offers flexibility in charitable planning, allowing you to support IRLC without impacting your current financial situation or estate plans.
Benefits
Financial Security
Ensure financial security for your loved ones by providing a tax-free death benefit that can help cover expenses such as funeral costs, outstanding debts, and ongoing living expenses.
Philanthropic Impact
Leave a meaningful legacy for conservation by supporting IRLC's mission to protect and preserve the natural resources of the Indian River Lakes region.
Simplicity
Designating IRLC as a beneficiary of your life insurance policy is a simple and straightforward way to support conservation efforts without the need for complex estate planning strategies.
Is Life Insurance Right for You?
Life insurance may be a suitable option for individuals who:
- Want to support charitable causes such as conservation without impacting their current financial situation.
- Have an existing life insurance policy that is no longer needed for its original purpose.
- Seek to leave a lasting legacy for conservation while providing financial security for loved ones.
Learn More
To explore how you can use life insurance to support Indian River Lakes Conservancy and leave a lasting legacy for conservation, please contact Heidi Sourwine at hsourwine@indianriverlakes.org.