Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
It is a contract with a charity in which the charity will agree to pay a certain amount of money, normally monthly, to one or even two people, during their life. This will be done in return for cash or property given to the charity.
These plans permit a person to pass assets to a charity while insuring them of a stream of income. The stream of income is guaranteed by the full assets of the charity.
.JPG){kind=avatar}
These plans permit a person to pass assets to a charity while insuring them of a stream of income. The stream of income is guaranteed by the full assets of the charity.