{"id":1277,"date":"2021-04-15T14:47:56","date_gmt":"2021-04-15T14:47:56","guid":{"rendered":"https:\/\/calu.com\/?p=1277"},"modified":"2023-01-17T14:48:16","modified_gmt":"2023-01-17T19:48:16","slug":"best-practices-for-the-use-of-life-insurance-in-charitable-giving","status":"publish","type":"post","link":"https:\/\/calu.com\/2021\/04\/15\/best-practices-for-the-use-of-life-insurance-in-charitable-giving\/","title":{"rendered":"Best practices for the use of life insurance in charitable giving"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>With input of CALU and other recognized experts in strategic philanthropy, financial planning and the insurance industry, the Canadian Association of Gift Planners (CAGP) has created a series of user-friendly information resources intended to provide straightforward guidance and direction to fundraisers, professional advisors, donors, and insurers when facilitating charitable donations using life insurance.<\/p>\n<p>The guidance comes in response to concerns some insurance industry regulators have expressed about the use of life insurance as a charitable giving vehicle. Interested parties were asked to collaborate in the development of best practices to address the solicitation and receipt of life insurance policies to avoid any breach of provincial anti-trafficking rules and\u00a0protect the interests of policyholders and beneficiaries. The objective\u00a0is to ensure appropriate processes are followed when insurance products are used in charitable donations and\u00a0we recommend CALU members review and use these resources when dealing with clients considering a charitable gift of life insurance.<\/p>\n<p>We wish to specifically acknowledge the input\u00a0of late vice-chair David Wm Brown,\u00a0who\u00a0led CALU\u2019s involvement in the development of CAGP\u2019s guidance targeted to professional advisors.\u00a0With his expert feedback, these resources will help ensure that charities and donors can continue to benefit from the opportunities life insurance presents for larger more impactful charitable gifts.<\/p>\n<\/div><div ><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" target=\"_self\" href=\"https:\/\/www.cagp-acpdp.org\/en\/charitable_life_insurance\"><span class=\"fusion-button-text\">Learn more<\/span><\/a><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":1278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[66],"tags":[],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - 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