Most of us acquire life insurance to help fund family and personal needs in case we don’t live as long as we hoped. Fortunately, many of us outlive our worst-case scenario. The typical result is that our insurance contract is in force, paid regularly (maybe even paid up), and growing in value even as our life is lengthening. In the meantime, perhaps our other assets grow to the point where the protection we sought through life insurance isn’t as important.
That nearly forgotten life insurance policy could add significantly to our Create Your Jewish Legacy initiative or be given to support a program, activity, or agency in the Jewish community that is important to you. Or a future endowment named for you or a loved one could be the answer. In addition there could be a tax deduction advantage with a gift of your life insurance policy.