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Abraham Kevin Spann, CLTC, FLMI
Personal Financial Representative
Abraham Kevin Spann & Sons Agency
64-77 Dry Harbor Road
Middle Village, NY 11379
Bus: 718-381-1400
Cell: 347-837-7095
Fax: 347-824-2394
Email: kevinspann@allstate.com
Website: agents.allstate.com/abraham-kevin-spann-middle-village-ny
Suzanne H. Nitzberg, CFP®
Personal Financial Representative
Investment Advisory Representative
November/December 2024
The Gift of Life Insurance
In this season of giving, some people want to give more to a favorite charity or organization but don't have the funds to do so. Giving the gift of life insurance is a cost-efficient way to increase your charitable giving.
Your Choice
There are a few ways to give life insurance, some of which may include current or future tax advantages. Talk to your accounting professional to learn more about how you may benefit a charity and receive tax benefits in return.Charitable Choices
One way is to rename a charity as beneficiary, eventually removing this benefit from your estate.Another way to make charitable use of life insurance is to ask your insurance company if it can issue a charitable rider, directing a percentage of the death benefit to a named charity. If, for example, you have a $500,000 policy and you acquire a rider of 10%, the charity would eventually receive $50,000, with your named beneficiaries receiving the remainder.
Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA, SIPC. Main Office: 151 N 8th Street, Suite 450, Lincoln, NE 68508. (877) 525-5727.
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