How will you make a difference?

How will you leave the world a better place? Beyond the contents of your last will and testament, what part of you do you want to leave behind? What will be your legacy?

What matters to you?
The cornerstone of your legacy is a deep sense of knowing what’s important to you. Maybe you have strong ties to your college. Maybe it’s the Humane Society who blessed you with your beloved pet; maybe it’s the American Cancer Society or the Ronald McDonald House that helped you out when your child had surgery; perhaps it’s the symphony you love or the YMCA where your kids learned to play soccer; maybe it’s your house of worship or community foundation. Whatever it may be, your first step in legacy planning is to define it.

The planning
Once you know what’s important to you, you need a plan that enables you to make a positive impact on the people and causes you care most about. After you’ve defined your charitable goals and developed your plan, life insurance may help provide the means to fund your plan.

There are many ways to make a charitable gift using life insurance. You (as the owner) can name the charity as the beneficiary on an existing insurance policy. This may allow you to make a larger gift than you could otherwise afford. Another alternative is to donate an existing life insurance policy to charity. Or the charity can purchase a policy on your life. Each method has advantages and disadvantages and which is best for you depends on your individual situation. You should consult with and rely on your own independent legal and tax advisors.

Make a difference
I can show you ways to use life insurance to help maximize your charitable gift while still providing a legacy to your family. Let’s get together. I want to help you learn more about how life insurance can help you make a difference to both your family and the causes you care most about. By combining charitable giving and life insurance in your estate planning, you can help build a lasting legacy and influence the good work of a charity beyond your own lifetime. You can make a difference.

The information provided in this article is for informational purposes only. Neither Farmers New World Life Insurance Company, its employees nor its agents provide legal or tax advice. Always consult your own attorney, accountant or tax advisor as to the legal, financial or tax consequences of any transaction.

Your Farmers agent may only sell policies in states in which he or she is licensed.

Farmers New World Life Insurance Company is not licensed to sell life insurance, accident and health insurance, or annuities in the state of New York.

Life insurance issued by Farmers New World Life Insurance Company, 3003 77th Ave. SE, Mercer Island, WA 98040