"The death benefit (for LHM) is 100 times the quarterly premiums I pay on the policy. The gift LHM receives at my death will be exponentially more than what I (could ever provide annually to LHM)."

-R.S., St. Louis, Missouri

Gift Annuity  |  Charitable Remainder Unitrust  |  IRA/Retirement Plans  |  Life Insurance

GIFT OF LIFE INSURANCE

You can do more than you may ever have thought possible through a gift to Lutheran Hour Ministries using a new or existing life insurance policy. Your thoughtful planning can help introduce others to the love and forgiveness of Jesus Christ.

Life Insurance Gift Options and Benefits:

• You may want to purchase a new policy with Lutheran Hour Ministries named as the owner and beneficiary. If done properly, the annual premiums paid on the policy can be deducted as a charitable gift for federal income tax purposes.
  
  
• You may have a paid-up policy that you purchased some years ago and now no longer need. You can donate this policy to Lutheran Hour Ministries and receive an income tax deduction approximately equal to the cash surrender value of the policy.
  
  
• You may wish to name Lutheran Hour Ministries as a beneficiary of a policy that you own. Although you will not receive an income tax deduction for this change in beneficiary, your estate may receive an estate tax charitable deduction.

One option when designating a gift of life insurance is to create a wealth replacement trust.

WEALTH REPLACEMENT TRUST

To create a wealth replacement trust, you use a portion of the income from a charitable remainder unitrust to buy a life insurance policy. The "extra" income comes from the tax savings generated by the charitable remainder unitrust. You and your family can then decide how much of the charitable gift to replace. You can purchase enough insurance to replace only a portion of the assets that will eventually pass to Lutheran Hour Ministries or you may prefer to replace all the assets within the charitable remainder unitrust.

A wealth replacement trust offers several benefits.

• Replacement of assets that were given to Lutheran Hour Ministries.
  
  
• No estate taxes or probate costs as the life insurance policy is owned by the trust, the proceeds are distributed to your beneficiaries tax-free.
  
  
• Alleviate any fears that a significant gift through a charitable remainder unitrust will disinherit your heirs.
  
  
• A lasting expression of your commitment to preserving your family wealth and providing a meaningful gift to spread the Gospel of Christ through Lutheran Hour Ministries.

For more information on life insurance gift options, click here or call 1-877-333-1963.