What are the benefits of using life settlements as part of a charitable gifting program?

What are the benefits of using life settlements as part of a charitable gifting program? Donor Benefits: Making a donation to his/her favorite philanthropic organization without depleting cash reserves or losing income-producing assets. Getting a tax deduction for the fair market value (selling price) of the life insurance instead of only cash surrender value. Being

Are there a large percentage of people that will not benefit from their current life insurance policy?

Are there a large percentage of people that will not benefit from their current life insurance policy? Yes, whether the insured lets the policy lapse or gets the cash surrender value from the insurance company, 85% of universal policies and over 95% or term policies will NOT end up in a death benefit being paid

What is the benefit to policy holders to do a life settlement vs. cashing in the policy with the insurance company?

What is the benefit to policy holders to do a life settlement vs. cashing in the policy with the insurance company? A recent government report indicated that sellers of secondary insurance policies get an average 7 times more than the cash value from the insurance company. Third Party Confirmation U.S. Government and Accountability Office (GAO),