Over 60 years of experience as an independent advisor representing our client’s interests.
Helping Charitable organizations is all that we do. We pursue our client’s satisfaction by optimizing their gifts of life insurance.
Our innovative team and proven process mean each organization benefits from our relationships and experience.
In our conversation with philanthropic organizations, traditional wisdom is “Life” insurance is a four letter word. It can be complex, frustrating, and tough to pinpoint how it can increase the impact charitable organizations seek. We believe this stems from a major gap in the advice being given. At Legacy Giving, we bridge this advice gap by combining our 60+ years of experience leveraging life insurance to help non-profits meet and exceed their donation goals.
Our process for producing large gifts of life insurance helps simplify the complex and maximize results for charitable organizations. By utilizing our experience in sophisticated “life” insurance approaches for philanthropic benefit, we can not only manage your existing insurance policies, but also develop a strategy and train your development team to leverage life insurance for new gift structuring.
Review current portfolio of “life” insurance policies and annuities and make recommendations based upon our analysis.
Legacy Giving provides ongoing management of the institution’s “life” insurance portfolio.
Legacy Giving will support ongoing gift efforts using sophisticated “life” insurance tools and strategies.
Our team will keep the Advanced/Development Department educated on this asset class, inform them on national trends, implement best-in-class practices and approaches, and create super donors through deeper conversations.
Life insurance is an important asset in your portfolio. Just like other assets your organization owns, it needs management. To protect the organization and maximize the return on investment, proactive portfolio supervision is key. We respond to the single largest disconnect in the life insurance industry – policyowners expect their life insurance contracts to be proactively managed according to their defined objectives, but advisors lack the quality carrier support for long-term monitoring and management commitments. We utilize a patent pending web based software solution designed specifically for ongoing life insurance policy monitoring. Its purpose is simple – to simplify the complex for a life insurance asset manager by consolidating policy management.
A life settlement is an additional option for unwanted life insurance policies. Traditionally, if a policy was no longer needed, the policyowner would typically let the policy lapse or surrender it for the cash value. A life settlement provides for an additional option whereby a policyowner can sell their existing life insurance policy to a third-party for more than its cash surrender value but less than its death benefit. Our process for maximizing policy values is built around leveraging our deep transaction experience, strategically positioning the policy to potential buyers, building competitive tension, and advocating aggressively to achieve superior results for our clients.
Life insurance policies are a wonderful way to gift assets to a charitable organization. An individual who is already making donations can use those gifts as a premium to leverage up to fund a life insurance policy that will result in a significantly larger benefit amount paid out to the designated charity. For example, an individual could spend $250K in premiums to fund a $5M life insurance policy payable to their favorite philanthropic organization instead of making a $250K cash gift.
A charitable gift annuity (CGA) allows your donors to make an immediate cash gift to charitable organizations without reducing their spendable income or the inheritance they plan to leave to other members of their family. Charitable gift annuities result in a win for all parties involved – the donor, their family, and of course, the charitable organization. Our team of experts can help examine the various options for mitigating risks and improving portfolio returns.
Many donors acquire annuities but never use the money in their annuity because of the income tax that must be paid on withdrawals. However, if the cash value stays in the annuity, these taxes can be deferred. Instead of liquidating annuity assets while the donor is alive, these assets can be given to charitable organizations tax-free at time of death. Our Legacy Giving review process can help maximize the value your charitable organization receives and work with your team on how to identify specific opportunities with donors who have annuities with large embedded tax gains.
Tyler is the Principal of Legacy Giving, an independent life insurance and estate planning firm headquartered in Maumee, Ohio. Legacy Giving works nationally supporting various charitable organizations and their donors navigate the many options for efficient charitable planning.
Tyler and his wife, Caitlin, along with their three young sons and baby daughter, enjoy spending time together doing outdoor activities, traveling and getting involved in their local community.
As a Donor Advisor, John is responsible for educating both non-profits and their donors on the various options of using “life” insurance to maximize the gift’s impact. Utilizing his vast experience, John has a thorough understanding of what all stakeholders are looking to accomplish.
John has worked for two publicly traded banks where he has spent time as an investment advisor, trust officer and most recently, was the Head of Private Banking. He has served on a handful of non-profit boards and has participated in both raising funds and structuring gifts. Having grown up in the Irish Hills of Michigan, John often takes his family back to the area to enjoy the many lakes.
In the role of Case Manager, Terrah helps quarterback cases from start to finish. She is responsible for assisting the advising team by assembling case files, coordinating donor and non-profit communication, and facilitating the execution of the gift strategy.
Terrah brings a unique skill set to Legacy Giving stemming from her prior experiences with non-profits in the finance and information technology industries. She graduated in 2019 with an Associates degree in Applied Science, and when not in the office, Terrah enjoys spending time outdoors and with her friends and family.
As a Client Liaison, Erynne is responsible for guiding our clients and donors through the journey of life insurance. She focuses her efforts on ensuring that communication between our team and yours is smooth and as efficient as possible.
Erynne is a native of Northwest Ohio and spends most of her free time relaxing with her husband and two children.
The Legacy Giving Resource hub contains a number of carefully constructed thought leadership pieces to help you understand the impact sophisticated ``life`` insurance strategies can mean to your organization's mission. Our wisdom for your donor's wealth.