charitable insurance type of life insure that donates a portion of the policy premium to a charity

Charitable insurance is a type of life insurance that donates a portion of the policy premium to a charity. This is a great way to support causes you care about while also protecting the people you love. There are two main types of charitable insurance: 1. Term life insurance: This type of insurance provides coverage for a certain period of time, such as 10 or 20 years. If you die during that time, the policy will pay a death benefit to your beneficiaries. A portion of your premium will be donated to charity. 2. Whole life insurance: This type of insurance provides coverage for the rest of your life. If you die at any time, the policy will pay a death benefit to your beneficiaries. A portion of your premium will be donated to charity. There are many different types of charity insurance policies available, so it s important to compare the options before you choose one. Some factors to consider include: 1. The amount of donation to be given 2. Supported charities 3. Eligibil