August 10, 2015

Filed under: Uncategorized — gecf @ 4:38 pm

Your client donates the policy and benefits from a charitable deduction for the policy’s cost basis or surrender value, whichever is greater, up to 50% of their AGI. The client must continue making premium payments on the policy if any remain. They can deduct these premium payments however, all while making a significant charitable gift to a cause they care about.

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