How to Control Charitable Life Insurance Policies

Presenter: George Willock
Date: October 29, 2019
Time: 1:00 to 2 p.m. EDT
Somewhere in the portfolio of planned gifts, most charitable organizations have one or more life insurance policies. Most are forgotten, neglected or ignored and sometimes the charity is not even aware of their existence. They come from a variety of sources: well-intentioned supporters, insurance agents who are board members, or friends of board members, from sales presentations that promised huge returns with little investment, or possibly from a combination of these. This webinar explains the philosophy and theories that make up a charitable life insurance policy, and teaches you to distinguish a charitable life insurance policy from other policies. You’ll learn how to manage your policies, and how to protect your organization from accepting policies that aren’t suitable as charitable gifts. Resource materials include tools and procedures to help you manage any life insurance policies already owned by your organization.
What you’ll learn
- How to organize, monitor, and control life insurance policies.
- How to decide which policies keep and which to surrender.
- How to feel more confident about the value of your organization’s life insurance gifts.
George E. Willock has been in the charitable planning field for the past 25 years. He started a charitable consulting firm, then continued his career working with Auburn University as the Director of Planned Giving. While at Auburn University he and his team raised over $650 million in planned gifts with $98 million of those gifts coming from charitable life insurance. In 2014, George left Auburn University to co-found WWLC, LLC as a resource and consultant to charitable organization, to train people how to identify and build on their talents and strengths, and to learn through observable behavior of others how to improve their relationships with others. Prior to George’s work in the charitable planning field, he was in the estate and financial planning field working in sales, agent training, and management. He has completed his Chartered Life Underwriter’s (CLU) designation, the Life Underwriter’s Training Council Fellowship (LUTCF) designation, is a graduate of the National Planned Giving Institute (NPGI), completed the Chartered Advisor in Philanthropy (CAP) designation, has earned the Accredited Estate Planner’s (AEP) designation, and is a TRACOM Certified SOCIAL STYLE Model® & Versatility Instructor. His articles have appeared in several publications and he has authored coursework for The American College of Financial Services in Bryn Mawr, Pennsylvania. George has been a regional and national speaker on Philanthropic Planning with Life Insurance, Building Successful Interpersonal Relationships with SOCIAL STYLES®, and Identifying and Strategically implementing your Talents and Strengths.
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CGP National members: $25.00
Non-members: $50.00
Group pricing: $99.00
Group webinars are intended for CGP affiliated councils or groups of up to 5 individuals.
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Tuesday, October 29, 2019 - 01:45