Never thought you could be a $1 million donor? Think again…
Life insurance is a unique and important charitable gift planning tool for individuals looking to create a lasting, significant legacy in the community.
You pay first five years of your life insurance premium.
The Jewish Federation of Palm Beach County pays the next five years.
Your legacy is created.
$1,000,000 Life Insurance Policy Carrier Guaranteed 1 for your lifetime Rates are for Male, Non-smokers in Very Good health | |||
---|---|---|---|
50% Match Program (33% Tax Bracket) | |||
Age | Annual Gift (5 Years) | Total Payment | Total After-tax cost |
1All guarantees are backed by the financial strength of the investment grade issuing life insurance carrier. 2Income tax bracket assumed to be 33%. 3Rates for females are lower. |
|||
45 | $16,500 | $82,500 | $55,275 |
61 | $33,000 | $165,000 | $110,550 |
66 | $42,000 | $210,000 | $140,700 |
70 | $50,500 | $252,500 | $169,175 |
75 | $65,000 | $325,000 | $217,750 |
80 | $88,000 | $440,000 | $294,800 |
85 | $125,000 | $625,000 | $418,750 |
Contact the William A. Meyer Jewish Community Foundation at 561-242-6639 or meyerjcf@jewishpalmbeach.org.
William A. Meyer Jewish Community Foundation of the Jewish Federation of Palm Beach County
JACK, JOSEPH & MORTON MANDEL BUILDING
1 HARVARD CIRCLE, SUITE 100
WEST PALM BEACH, FL 33409
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
Copyright © 2024 Jewish Federation of Palm Beach County. All rights reserved.