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Life insurance can be an easy and flexible way to make an important gift to PETA. Whether it is an old policy that has outlived its original purpose (such as for a spouse who no longer needs it or a child who is financially independent or to protect a business that no longer exists) or a new policy purchased specifically to benefit PETA, a gift of life insurance can allow you to leave a much larger gift to animals than may have been possible during your lifetime.
There are at least six different ways in which you can structure a gift of life insurance to PETA:
A common concern that many people raise when considering a charitable gift is that they do not want to deprive their family or loved ones of an adequate estate. However, with some planning, you can create a "wealth replacement plan" that will substitute life insurance for the assets donated to PETA.
Upon making a charitable gift to PETA, either outright or through a charitable remainder trust or other life income plan, you can use the tax deduction and other financial benefits resulting from the gift to purchase a life insurance policy to replace all or part of the assets donated to PETA. When you pass away, the proceeds would then go to your chosen beneficiary or beneficiaries.
Life insurance is a flexible charitable giving tool that can be used to suit your individual financial needs while also substantially supporting PETA's programs for animals.
As always, we suggest that you consult with your independent financial, tax, or legal advisor for specific help with your particular situation, as the above is intended as an introductory outline only and PETA does not provide financial, tax, or legal advice. But if you would like more information about the various ways that you can benefit PETA, please click here.
Almost all of us grew up eating meat, wearing leather, and going to circuses and zoos. We never considered the impact of these actions on the animals involved. For whatever reason, you are now asking the question: Why should animals have rights? Read more.