Got Questions? We've Got Answers!
Find answers to the most common questions about charitable giving, life insurance, and financial planning.
What is charitable giving through life insurance?
It’s a strategy where you use a life insurance policy to leave a legacy donation to your favorite charity. This allows you to make a larger impact without affecting your current financial situation.
What are the benefits of using life insurance for charitable giving?
- Your donation grows tax-free over time.
- The charity receives the full amount, avoiding probate delays.
- You can still retain control of your policy.
Can I change my charity beneficiary later?
Yes! You can update your charity of choice anytime as long as you remain the policy owner.
What is the difference between Term Life and Whole Life Insurance?
- Term Life covers a fixed period (10, 20, or 30 years) and is more affordable.
- Whole Life lasts for a lifetime and builds cash value.
Do I need a medical exam to quality for life insurance?
It depends on the type of policy and your age. Some policies offer no-medical-exam options with simplified underwriting.
How much life insurance do I need?
The amount depends on your financial goals, debts, and whether you want to support a charity or your loved ones. A free consultation can help determine the right amount.
How do I get started?
Simply book a free consultation, and we’ll walk you through the process to find the best option for your goals.
What makes SPWL different from other life insurance?
SPWL requires only a one-time premium payment and provides a guaranteed death benefit without monthly costs.
Can I change my beneficiary if I choose SPWL?
Yes! You can change your beneficiary anytime, whether it’s a family member, a charity, or both.
Does SPWL require a medical exam?
No. You only need to answer three simple health questions to qualify.
