charitable insurance type of life insure that donates a portion of the policy premium to a charity

Charitable insurance is a type of life insurance that donates a portion of the policy premium to a charity. This is a great way to support causes you care about while also protecting the people you love. There are two main types of charitable insurance: 1. Term life insurance: This type of insurance provides coverage for a certain period of time, such as 10 or 20 years. If you die during that time, the policy will pay a death benefit to your beneficiaries. A portion of your premium will be donated to charity. 2. Whole life insurance: This type of insurance provides coverage for the rest of your life. If you die at any time, the policy will pay a death benefit to your beneficiaries. A portion of your premium will be donated to charity. There are many different types of charity insurance policies available, so it’s important to compare the options before you choose one. Some factors to consider include: 1. The amount of donation to be given 2. Supported charities 3. Eligibil