| 摘要 |
Income is generated income for a charity using a combination of one or mo re immediate annuities and a life insurance policy. A designated individual serving as the annuitant and insured is selected from participating members of the charity based on the age and insurability of available participating members, so that the annuity payments will be greater than the insurance premiums and any interest on the funds source. A life insurance policy having a face value equal to the amount of t he investment funds is purchased. A first immediate annuity is purchased with a portion of the available investment funds, with the payments from the first annuity being sufficient to pay the premiums on the life insurance policy. Life insurance proceeds are used to reimburse the funds source upon the death of the participating member. If investment funds are borrowed, other annuity payments may be used to pay loa n interest. |
