Planned Giving

Life Insurance to Replace Gift—Wealth Replacement

Life Insurance to Replace Gift Diagram

How It Works

  1. You make a gift to LSSI
  2. You give the tax savings from the charitable deduction to your children
  3. Your children purchase an insurance policy on your life with the tax savings
  4. Your children will receive the proceeds upon your death

Benefits

  • You can make a significant gift to LSSI without diminishing the amount your family will receive
  • Your tax savings finance this life insurance policy

More Information

Contact Us

David P. Novak, JD
Vice President, Advancement
david.novak@lssi.org
847-635-4671

 

Lutheran Social Services of Illinois
1001 East Touhy Avenue, Suite 50,
Des Plaines, IL 60018

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