Think about how many places you have money saved. They may include:
Now ask yourself: When I set up these accounts, did I remember to add a beneficiary? If so, did I tell that person?
Naming a loved one as a beneficiary of a life insurance policy or retirement plan assets is a heartfelt way to protect them in the future. You can also name a favorite nonprofit as a beneficiary.
Unfortunately, many people and nonprofits aren’t aware that they have been named to receive a gift. Informing them helps preserve your intentions and avoid hassle and confusion.
Protect the people and causes you love by following this simple step: Alert your beneficiaries that you have a life insurance policy or have named them as a beneficiary of a retirement plan. Share the location and details of the policy or plan with them.
As you update your beneficiary designations, consider making a gift of a life insurance policy or retirement plan to William Penn University so that we can continue our important work. We would be honored if you would notify us of your decision so that we can carry out your wishes and thank you.
We Want to Hear From You
If you have already named William Penn University as beneficiary of a life insurance policy or retirement plan assets, please contact Marsha Riordan at email@example.com or 641-673-1045 today. If you are still creating your estate plan, we would be happy to answer any questions you may have about making this type of gift.
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.