Hinkle Insurance News

How To Increase Charitable Giving

How To Increase Charitable Giving

September 2, 2014

Many people donate to charitable organizations, and some hoping to set aside larger sums to be donated to an organization upon their death. What if you could take that money that was set aside, and increase it without having to add any additional money to it out of your own pocket? How is that possible? LIFE INSURANCE! If you take the money you have set aside, and use it to buy a single premium life insurance policy,you could potentially increase your charitable giving 3 or more times the amount! So, for example, you may have $30,000 now that you could possibly grow to $100,000!