Do you know of clients that own life insurance policies that may no longer be needed or wanted? 

Are you considering lapsing your life insurance? Did you know your unwanted policy has the potential to support your favorite cause?

Insuring A Better World Fund eliminates your premium payments from the moment your policy is donated and gives you the ability to donate a legacy-sized gift to your favorite charity.

Our donation process is free and simple to explain. You choose. We pay. Charities Receive.

Do you know of clients that own life insurance policies that may no longer be needed or wanted? 

Approximately $20 trillion of life insurance is in force in the United States and roughly 88% of those policies will lapse without paying a death benefit. We know these same life insurance products that provide families with peace of mind have the potential to do more.

With Insuring A Better World Fund, policies that are no longer needed or wanted can now help cure disease, educate children, support the arts, alleviate poverty and ensure a better world for us all.

Policy donation is a simple and no cost alternative for your clients who are considering lapsing their policy. There is no expense to yourself or your donor. You identify the donor and we can do the rest.

How Financial Professionals Benefit

Value to the Client

Offering a charitable alternative to lapsing a policy is a new and no cost conversation to have with your clients and transforms an unsatisfied client into a delighted donor. Your client may also be entitled to a charitable tax deduction based on their policy’s full fair-market value.*

Income

Policies that are donated earn continued renewal commissions or term conversion commissions. Working alongside donors and boards of the charities that benefit from your good work securing these donations is a great source of new business. 

Job Satisfaction

Research proves that doing well while doing good increases job satisfaction and one’s sense of self-worth. Your work will have a lasting impact on the world, gain you valuable prestige and influence in the industry and help build your business.

*Please note that we are not tax advisors and cannot give tax advice. Please have your client consult with their tax professional for their specific circumstance.

FAQs From Financial Professionals

In general, any owner (i.e., individual, trust or corporation) of a life insurance policy where: (i) the insured is aged 65 years or older; (ii) the policy has a death benefit of $250,000 or greater; and (iii) the policy was purchased more than three years ago. There are exceptions which may expand the eligibility.

No. Insuring A Better World Fund utilizes its management’s years of experience and expertise in underwriting and evaluating life insurance policies. We evaluate policies offered for donation to determine whether charities would benefit from the donation.

All types of life insurance policies, including whole life, term, universal life, survivorship life, group life, etc.

Insuring A Better World Fund does. Neither your clients nor their chosen charities are responsible for paying any future premium or other costs of donated polices. Donors choose; Insuring A Better World Fund pays; and charities receive the benefits.

Yes. Donors choose the charity they wish to benefit. Our Board of Directors reserves the right to determine whether the charity is appropriate and maintains its charitable status.

Donors may be entitled to a charitable deduction* based on the full fair-market value of their donated policies as calculated by a qualified, independent appraiser.

*Please note that we are not tax advisors and cannot give tax advice. Please have your clients consult with their tax professionals for their specific circumstance.

Insuring A Better World Fund is not a life settlement. We do not purchase life insurance policies. We are an IRC 501(c)(3) charity. There are no life settlement investors who demand a return for purchasing your client’s policy. Instead, there are charities putting your client’s policy proceeds toward good works. Insuring A Better World Fund makes donating unwanted life insurance to charities efficient and easy by (i) paying the premium and all other costs; (ii) aggregating donated policies to create a steady revenue stream for our supported charities; and (iii) distributing the net benefits to worthy causes.

Life Insurance professionals act on behalf of the client. If your client wants to sell the policy, sell it. The number of policies in force is so large that Insuring A Better World Fund does not have to change human behavior to be successful. A donation to Insuring A Better World Fund involves a much simpler and faster process than a life settlement and the benefits to professional advisors are many. There is no prestige associated with selling a client’s insurance policy to a for-profit corporation. Securing donations to a local or national charity raises the profile of the agent or professional, benefiting your business well beyond the short-term.

Please call us at (312) 819-0790 or email Insuring A Better World Fund at ds@iabwf.org to get started today!

Get involved today!

Insuring A Better World Fund is sponsored by the InterVivos Foundation, a not-for-profit organization that is tax-exempt under Section 501(c)(3) of the Internal Revenue Code

Get involved today!

Insuring A Better World Fund is sponsored by the InterVivos Foundation, a not-for-profit organization that is tax-exempt under Section 501(c)(3) of the Internal Revenue Code