| CFGC Newsletter November 2006 |
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Sponsored and Approved |
For all who read this, and for your friends: You can rest assured that all of the vendors listedbelow not only provide special services and benefits tailored to CFGC Members, they have also beencarefully screened and approved by the Chaplaincy.
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| Life Insurance Settlements
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The Chaplaincy is pleased to offer our members and financial partners who own life insurancepolicies the opportunity to unlock the cash potential of those life insurance policies for donations andother purposes. Individuals, who may be considering letting policies lapse, may find a new source offunds in Life Settlements.
Why should your members consider a Life Settlement? An alarming number of life insurancepolicies lapse because the premiums are no longer affordable. Most people do not realize theycan sell their life insurance policies. The proceeds of a Life Settlement paid to a senior memberwho has sold a policy may be used for other investments i.e. to create a more financially secureretirement or to fund a charitable gift to a church or foundation. Typically the proceeds of a LifeSettlement average more than three times the cash surrender value of the life insurance policy. A Life Settlement can help senior members by providing additional options when:
. Premiums are no longer affordable
. Policy is an expensive, poorly-performing policy
. Beneficiaries have predeceased the insured
. Health conditions may have worsened and money is needed for care
. Funds are desired for charitable giving
A life insurance policy that will soon lapse orbe surrendered will become a generallyworthless asset. A Life Settlement will convertthat policy into an asset of significant value. Life Partners, lnc. of Waco, Texas is ourpreferred provider of Life Settlements to ourmembers and donors.
For more information on Life Settlements and Charitable Giving, please contact the officeof Life Partners, Inc. at 1-800-368-5569 andask for extension 2079. You may also contactthe company by sending an email to abuban@lifepartnersinc.com.
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Medication Assistance Program
Charitable Gift Annuities
Missionary Healthcare and Accident Coverage
"Request Information, Quote and Purchase Online"
www.CFGCinsurance.com
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