Approximately $20 trillion of life insurance is in force today and 9 in 10 of these policies will lapse without a paying a death benefit. We see this waste as an opportunity to do great things for charity.
10,000 people turn 65 and enter our target market everyday. We offer these potential donors and others the ability to donate their unwanted life insurance policies and make legacy-sized gifts to their favorite charities painlessly. The best part? There is no cost to charities or donors.
You choose. We pay. Charities receive.
Insuring A Better World Fund relieves charities from the burden and risk of paying premium on donated polices, the primary reason most charities do not regularly accept donations of life insurance policies.
This is a “no cost” ask for your donors who are currently throwing away life insurance policies. Instead of lapsing a policy, they get to benefit their favorite charity. No need to change human behavior!
Charities will receive regular distributions from a large portfolio of donated polices. A single charity cannot collect enough polices in a short enough time frame to be actuarially credible.
Your donors don’t have to die for your charity to receive money! Insuring A Better World Fund distributes donations from a large portfolio of policies on a pro rata basis, allowing distributions to a donor’s charity while they are alive.
Our donation process is straightforward. It is easy to explain and execute with your donors and there are no administrative burdens to charities. No need to augment your current staff.
We draw from our network of life insurance professionals and other referral sources (e.g., CPAs, attorneys and other financial advisors) to generate donations on your behalf. Additional donors will be found through your own network.
Our management team utilizes their years of experience to underwrite and evaluate policies, determine which polices are appropriate for donation and administer the policies to maturity.
We provide reviews of existing life insurance policies owned by the charity. Most charities are seldom able to review their current life insurance policy portfolio, which should be done regularly.
The Insuring A Better World Fund is a charitable program operated by the InterVivos Foundation, a tax exempt, publicly supported charity under Section 501(c)(3) of the Internal Revenue Code.
Insuring A Better World Fund works with charities, insurance professionals and donors to identify unneeded and unwanted life insurance policies suitable for donation. Insuring A Better World Fund pays all premium and other costs of donated policies for the benefit of the donor’s chosen charities.
Owners donate their unwanted life insurance policy to Insuring A Better World Fund. Insuring A Better World Fund pays all premium and costs and administers all accepted policies. Insuring A Better World Fund then distributes the net death benefits to charities chosen by donors and our Board of Directors.
Insuring A Better World Fund does. Neither you or your chosen charity is 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.
Charities chosen by the donor will receive their pro rata share of all death benefits in their portfolio received by Insuring A Better World Fund, after payment of premium and expenses. Insuring A Better World Fund’s proprietary aggregation technique pools together hundreds of donated policies to achieve actuarial credibility. This allows for a regular stream of cash from a large portfolio of policies.
Donors will gift their unwanted life insurance policies to Insuring A Better World Fund and specify which charitable organization they wish to support in our grant form. Insuring A Better World Fund values each policy at time of donation. Insuring A Better World Fund will distribute to the named charities their portion of the total death benefits received, after payment of the premium and other expenses, based on the total value of all polices donated by each charity’s donors in the portfolio.
Insuring A Better World Fund is not a life settlement. We are a charity. We do not purchase life insurance policies. There are no life settlement investors who demand a return for purchasing your policy. 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; (iii) distributing the net benefits to the charities.
Insuring A Better World Fund’s supported charities are NOT responsible for paying premium or any other expenses of donated policies. Nor are supported charities required to augment or change any of their existing staff. There are no administrative burdens or costs to charities. Insuring A Better World Fund’s supported charities are expected to (i) recognize a donor for their donation to the charity; (ii) agree to use only informational documents supplied by or approved by Insuring A Better World Fund (to ensure accuracy and protect the integrity of the program); and (iii) maintain their status as public tax-exempt charitable organization.
Tell your donors about Insuring A Better World Fund to increase the amount of donated policies naming your charity. Insert Insuring A Better World Fund into your solicitations; newsletters, website and other information pieces. Choose from our Insuring A Better World Fund implementation plan – newsletter piece, targeted letters, selected calling.
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. If a policy is appropriate for donation, Insuring A Better World Fund accepts it and pays premium and all other costs.
Yes. Please contact us for a full review of the charity’s current life insurance policies and for more in-depth information of how Insuring A Better World Fund can pay the premium on polices already donated to your charitable organization.
Yes. New donors will be found through our network of life insurance professionals and other referral sources (e.g., CPAs, attorneys and other financial advisors). Additionally, new donors will be found through your charity’s network of life insurance professionals and other referral sources. Now you have something new to talk about that does not cost your donor money.
Yes. Donors may be entitled to receive a charitable deduction* based on the full fair-market value of their donated policies as calculated by a qualified, appraiser.
*Please note that we are not tax advisors and cannot give tax advice. Please have your donors consult with their tax professional for their specific circumstance.