Philanthropy

Life insurance can be used for charitable giving. Here are resources.

Articles

Drawbacks

Good intentions don't guarantee good results or even good publicity.

The Gift Of A Lifetime Campaign At Oklahoma State University (OSU)

T Boone Pickens suggested a way for the athletics department to raise money: buy $10 million dollar life insurance policies on 27 supporters aged 65 to 85. What could go wrong? The annual premium was $16 million and no booster died. OSU cancelled the program after two years, losing $33 million.

Lawsuits to recover the premiums from the insurer failed.

PS Network

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