Make a Difference Today for Tomorrow
A CREATIVE WAY TO ESTABLISH YOUR CHARITABLE LEGACY
Giving Today to Guarantee Tomorrow
You Don't Have to Be Rich to Leave a $50,000 Gift to the Cause You Love
Most people assume meaningful charitable giving requires significant wealth. It doesn't. A simple life insurance policy — owned by your favorite charity — can create a legacy gift far beyond what most donors think possible, at a cost that may surprise you.
About think legacylife
The Power of a Gift of Life Insurance
The Simple Truth
How a Gift of Life Insurance Actually Works
A charitable gift of life insurance is one of the most powerful — and least understood — tools in philanthropy. Here's what makes it different from a traditional bequest or annual gift.
Your charity becomes the owner & beneficiary
A life insurance policy is taken out on your life, with your chosen charity — or your fund at a community foundation — named as both owner and beneficiary. This is the key structure that unlocks the tax benefits.
Tax-deductible premiums
You make affordable annual or monthly donations
Instead of paying premiums yourself, you make a cash donation to the charity, which uses it to pay the premium. Those donations may qualify as charitable income tax deductions on your return.
Ongoing deductibility
Your modest gifts multiply into a substantial legacy
At your death, the charity receives the full death benefit — often many times the total amount you donated. No probate delays. No estate tax inclusion. A guaranteed, meaningful gift that celebrates your values.
Legacy multiplied
Your family's inheritance is protected
Unlike a bequest from your estate, a charitable gift of life insurance doesn't reduce what you leave your heirs. You can be generous to causes you love without taking anything away from the people you love.
Estate-friendly
How to Create a Charitable Life Insurance Gift
Think LegacyLife
The Mission
Think LegacyLife helps donors create substantial charitable gifts through life insurance — simply, affordably, and with meaningful tax benefits. If you care deeply about a cause and want your giving to outlast you, this may be the most important conversation you have this year.
benefits
Why People Give to Charity
Why People Give to Charity
Why People Give to Charity
People give to charities for a variety of reasons. They give:
- Because they have compassion for the less fortunate.
- From a belief that they owe something back to society.
- To support a favored institution or cause.
- For the recognition attained by making substantial charitable donations.
- To benefit from the financial incentives our tax system provides for charitable gifts
Benefits for the Charity
Why People Give to Charity
Why People Give to Charity
- Gifts of life insurance can be a critical source of future income that can be planned for and depended upon.
- Modest annual/monthly or single premium payment gifts are multiplied into substantial support and opens the door to major deferred gifts from many more donors.
- The charity receives the life insurance benefit payment in cash at the donor's death - and is not delayed by probate.
- The life insurance gift is made during the donor's lifetime, enabling the charity to recognize and thank the donor.
Community Foundation
What is a Community Foundation?
A community foundation is a tax exempt, non-profit, publicly supported, philanthropic institution with the long term goal of building permanent, named funds for the broad-based charitable benefit of the residents in a given area.
The common mission of every community foundation is to enhance the quality of life in the local area. Community foundations carry out this very broad mission by building a permanent endowment fund and using the annual income to support a variety of local nonprofit organizations through grants and special projects.
Most community foundation assets are held in separate funds established by local individuals, families, businesses, or charitable institutions. Each fund may have a special purpose, but the foundation board of directors, representing the community, oversees them all. The IRS recognizes community foundations as public charities in part because they receive support from the general public and their boards broadly represent the areas served.
Useful links
FREEWILL
Everyone should make a will or living trust, regardless of wealth. Having a plan in place ensures that your wishes are known and saves your loved ones the stress and cost of intestate probate proceedings. Create a free will or trust to support the people and causes you care about most even after you’re gone.
Meet John Sadler Hayes, II
John Sadler Hayes, II
Since 1975, John Sadler Hayes, II, President of Sadler Hayes Associates, Inc., has been providing individuals, families and businesses quality of life protection with Long-Term Care Insurance, Critical Illness Insurance, Disability Income Insurance, Dental Insurance/Plans, Medicare Supplement Insurance, Health Insurance, Life Insurance, Fixed Annuities - Deferred and Immediate Income.
Sadler also helps individuals create charitable legacies with life insurance to support the charitable organizations, schools and universities, hospitals, medical research, community foundations most important to them.
Sadler & his wife, Sheila, established a fund with the Community Foundation of Orange, Sullivan & Rockland in memory of their son, Keith B. Hayes - and have both set up life insurance policies owned by and payable to CFOS&R to help support their fund after they are gone.
Sadler represents multiple life and health insurance companies that provide coverage options and competitive rates for residents of NY, NJ & CT.
Note that John Sadler Hayes, II is a licensed life and health insurance agent in the states of New York, New Jersey and Connecticut.
and does not provide legal or tax advice.
For any tax or legal questions or concerns - consult with your legal and tax advisors.
"I am what survives me"
Erik Erikson
