New Giving Option - Knights of Columbus Life Insurance!
The Knights of Columbus, through the Niemeyer Insurance Agency in Breese, are offering an insurance product that allows individuals to give a maximum bequest (life insurance death benefit) for a relatively small amount of charitable contribution (the policy’s premiums). This can accomplish the charitable goals of the donor in an efficient, timely manner, upon the death of the insured person—outside of the probate process, and therefore not a matter of public record.
Generally, as long as the policy is owned by the HSHS St. Joseph’s Foundation, the premiums for the policy are deductible from federal income taxes as charitable gifts (subject to limits of income). Since the charity is designated as the beneficiary, you’ll have the benefit of knowing that upon the insured’s death, the life insurance death benefit will be paid directly to HSHS St. Joseph’s Hospital in Breese. In addition to the comfort of working with a local agency, you’ll also have the confidence of knowing your charitable gift is maintained by an organization rated as a “World’s Most Ethical Company,” and is listed in the Fortune 1000. Additionally, the Knights of Columbus uses a set of criteria to screen all investments for compliance with Catholic principles. For more information, contact Matt Albers at the Niemeyer Agency - Knights of Columbus, or visit their website by clicking here.