Charitable income strategy

Details Charitable income strategy Charitable income strategy

G - Physics

06

Q

G06Q 40/00 (2006.01)

Patent

CA 2463239

Income is generated income for a charity using a combination of one or more immediate annuities and a life insurance policy. A designated individual serving as the annuitant and insured is selected from participating members of the charity based on the age and insurability of available participating members, so that the annuity payments will be greater than the insurance premiums and any interest on the funds source. A life insurance policy having a face value equal to the amount of the investment funds is purchased. A first immediate annuity is purchased with a portion of the available investment funds, with the payments from the first annuity being sufficient to pay the premiums on the life insurance policy. Life insurance proceeds are used to reimburse the funds source upon the death of the participating member. If investment funds are borrowed, other annuity payments may be used to pay loan interest.

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