Vol. 5, No. 1
ASTHMA & ANNUAL REPORT ISSUE
This is a portion of the American Lung Association of Los Angeles County's 1998 Breath Takes. ?If you would like to receive a complete copy, please call the American Lung Association at
or (800) LUNG-USA.
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You want to make a donation to the America Lung Association, but you don't want to use your current cash or assets. Many people are now beginning to use life insurance to make a significant gift to the American Lung Association of Los Angeles County, by using policies they already have or policies they purchased for this purpose.
In looking at life insurance as a way to give, one of the first things to consider is do you have a life insurance policy you no longer need? Have loans been paid off, have your children reached maturity and obtained their own financial security, or is your beneficiary deceased? You should also remember that by designating the American Lung Association of Los Angeles County as owner and beneficiary of an insurance policy, it is possible to make a much larger gift than may have otherwise been affordable, and your premium contribution may become tax deductible.
On an existing policy, if the present beneficiary no longer needs the protection, you can make the American Lung Association of Los Angeles County the new beneficiary or co-beneficiary. Or, you can name the Association as a remainder or contingent beneficiary. This permits the American Lung Association of Los Angeles County to receive the proceeds after the deaths of the primary and secondary beneficiaries.
The most important thing to remember is that your life insurance gift to the American Lung Association of Los Angeles County will help make breathing easier for everyone, because... When You Can't Breathe, Nothing Else Matters?.
The information in this publication is not intended as legal advice. For legal advice, please contact your attorney.
|For more information or assistance on how
charitable giving via a gift annuity or a
charitable remainder trust affects your estate,
contact Terri-Lei Robertson at (323) 935-LUNG.
When You Can't Breathe, Nothing Else Matters ?
The mission of the American Lung Association of Los Angeles County
is to prevent and eliminate lung disease
and to improve the quality of life and health of those with lung disease.
Your contributions to Christmas Seals? and Chanukah Seals? help make the difference.
For more information on lung health, programs, and special events,
? 1999 American Lung Association of Los Angeles County