Financial Advisor Information
“I am glad I had the opportunity to learn about this new financial planning and charitable giving tool.” 
- Jane Kolson, Associate Vice President of Development at The George Washington University

Charities, Non-Profits and Educational Institutions

Life settlements also have a significant effect on fundraising opportunities available to Non-Profits, Charities, and Educational Institutions. The majority of these organizations solicit unneeded life insurance policies as a component of their charitable gifting program. Organizations are provided with a potentially valuable long term asset and donors are able to benefit from a current tax deduction for the cash surrender value of the policy and ongoing deductions for any future premium payments made on behalf of the charity/institutions as a result of these policies.

But what if the Institution or Charity cannot afford to maintain premium payments and the policy is in danger of lapsing?What happens when a donor can no longer afford premium payments?Or when the Institution or Charity finds it needs cash to support current programs?

The options were previously limited to reallocating additional assets to pay for the life insurance premium payment, surrendering the policy for the cash value or just allowing the policy to lapse.

New Gifting Opportunities:

Charities and institutions can communicate to potential donors of unnecessary, expensive or inadequate policies that a life settlement can create immediate benefits for both themselves and the institution or charity.

For the Donor:

A life settlement will allow the donor to see the difference that it makes - “Giving While Living.” It may also enable the donor to use tax savings to purchase replacement coverage. You will receive a greater settlement than the cash surrender value, which will increase the gift size and the accompanying tax deduction.

For the Institution or Charity:

A life settlement creates a cash gift that is available immediately for your institution. A life settlement takes away the need for ongoing premium payments and/or policy management.

Life settlements now provide an attractive new option!

A Life Settlement can provide cash that is immediately available to be applied to today’s needs.
It eliminates expensive premiums as well as annual management and review of donated policies.

Additionally, you will see that it reduces the need to spend down assets tied to long-term investments. In return, this will provide an opportunity to design new planned giving campaigns that take advantage of the unique benefits of life settlements.

George Washington Univ PR - Final

Mt. St. Marys Univ Press Release - Final
 
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Veris Settlement Partners, Inc. is a multi-state viatical and life settlement broker. Veris Settlement Partners, Inc., and/or its affiliate firms Chesapeake Financial Settlements, LLC and Select Life Settlements Corporation, and/or one of its four directors as individuals, is licensed as a life settlement broker or viatical settlement broker in the following regulated states: AR, CT, FL, GA, HI, IN, LA, MD, MS, NC, NJ, NY, PA, TX, UT, VA.

Depending on the medical condition of the insured, Veris Settlement Partners, Inc. may or may not be able to broker a life insurance policy owned by a resident of the following states: CA, DE, IL, MA, MN, NM, OR, VT, WA, WI.

Veris Settlement Partners, Inc., and/or one of its four directors as individuals, may broker a life insurance policy owned by a resident of the following states that are not regulated and do not require licensure: AL, AZ, DC, ID, MI, MO, NH, RI, SC, SD, WY.

Some or all of the proceeds from a life settlement may be taxable under federal or state income tax laws.  Advice from a professional tax advisor is recommended. Veris Settlement Partners, inc. is not a viatical or life settlement provider.

This Compliance Notice is current as of August 15, 2008 and is subject to change.