Create a guaranteed six- or seven-figure gift to the cause you care about most. Permanent coverage, paid directly to your charity.
Most people think of life insurance as a way to protect their family. It is. But it's also one of the most powerful — and most overlooked — tools for charitable giving.
Here's the basic idea: you buy a permanent life insurance policy and name a charity as the beneficiary. When you pass away, the charity receives a guaranteed lump sum — often far more than you paid in premiums.
The most common approaches are single premium life insurance (one lump-sum payment that creates a permanent, guaranteed death benefit) and guaranteed universal life insurance (level premiums for lifetime coverage with no market risk). Both are designed to last your entire life — so the charity is guaranteed to receive the benefit.
The key advantage: Your charitable gift is guaranteed. Unlike stock donations or bequests that depend on market conditions or estate negotiations, a life insurance death benefit is a fixed, contractually guaranteed amount. The charity knows exactly what they'll receive.
Each approach has different levels of commitment and flexibility. We'll help you figure out which one fits.
Buy a policy on your own life and list the charity as beneficiary. You keep ownership and control — you can change the beneficiary anytime.
You keep full control of the policy and can change the beneficiary at any time.
Simplest OptionBuy a policy and then irrevocably transfer ownership to the charity. They become both the owner and the beneficiary.
The charity becomes both the owner and the beneficiary. This is an irrevocable gift — you give up control of the policy.
Strongest CommitmentAlready have a policy you no longer need for family protection? Donate it. Transfer an existing paid-up or in-force policy to a charity.
A policy you no longer need can become a meaningful charitable gift instead of lapsing unused.
Use What You HaveLife insurance has unique advantages that other forms of charitable giving can't match.
A single premium whole life policy can turn a $50,000 premium into a $122,000–$148,000 death benefit. The charity receives more than you pay in.
The death benefit is contractually guaranteed regardless of market conditions, interest rates, or economic downturns.
With single premium whole life, you make one payment and you're done. No ongoing premiums, no bills to remember, no lapse risk.
Life insurance proceeds pay directly to the named beneficiary. The charity gets the money quickly — no lawyers, no waiting.
You can buy a separate policy for charity while keeping your family's coverage intact. One doesn't affect the other.
If you retain ownership, you can change the beneficiary, adjust coverage, or cancel anytime. Nothing is set in stone.
This strategy isn't just for wealthy donors. It works well for anyone who wants to leave a meaningful gift.
Multiply what you can give beyond annual contributions.
Fund a scholarship or contribute to a school's endowment.
Kids are financially independent? Redirect coverage to a cause you care about.
Include a charitable gift as part of your broader estate plan.
Create a lasting community legacy through the organization that matters to you.
Turn an old policy into something meaningful rather than letting it lapse.
We handle everything. You tell us what you want to do, and we make it happen.
We learn about the charity you want to support, how much you'd like to give, and your budget for premiums. Takes about 15 minutes.
We find the lowest rate for the coverage amount you need. Since this is a charitable gift, the policy type and structure matter — we'll recommend the right one.
We handle the application and walk you through any medical questions. Most policies today don't require a physical exam.
We make sure the charity is correctly named as beneficiary (or owner, if that's the approach you chose). We'll coordinate with the nonprofit if needed.
You've created a guaranteed charitable gift that will outlast you. The charity will receive exactly the amount you intended, no matter what happens in the markets.
11300 Old San Antonio Rd,
Manchaca, TX 78652
hello@coversavvy.com
(512) 649-7977