There’s no one-size-fits-all length. It’s recommended to choose a term length that covers the nonprofit at least until:
You retire
Your mortgage is paid off
You reach your savings goal
That way, you may have more financial freedom to determine how you wish to continue to support your passion and nonprofit(s) of choice.
Life Legacy Technologies, Inc is partnered with providers to offer term policies in New York (policy form # MN-26) that are issued by Allianz Life Insurance Company of New York, NY. Term policies are issued in all other states and DC by Allianz Life Insurance Company of North America, Minneapolis, MN (Policy form # ICC20P-AZ100 and # P-AZ100) and Fidelity Security Life Insurance Company®, Kansas City, MO (policy form No. ICC17-M-1069, M-1069, and policy No. TL-146). Only Allianz Life Insurance Company of New York is authorized to offer life insurance in the state of New York. Life Legacy Technologies, Inc is partnered with Vantis Life Insurance Company (Vantis Life), Windsor CT, to provide whole life insurance in all states except California, Delaware, Florida, Montana, South Dakota, and North Dakota. Life Legacy Technologies, Inc is partnered with providers that offer final expense whole life insurance policies through Patriot Insurance Company, Yarmouth ME, in the following states: Alabama, Georgia, Illinois, Kentucky, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and Wisconsin. Life Legacy is partnered with Canvas Insurance Agency LLC to provide Future Fund and Flex Fund annuity products (forms ICC20-PLICA-CANVAS, ICC20-PLICA-CANVAS-ROP). Annuity contracts and features may vary by state and may not be available in all states, including New York. Life Legacy Technologies, Inc does not provide any legal, tax, or financial planning advice. For legal, tax, or financial planning advice concerning your specific situation, please consult an attorney, tax professional, or certified financial planner.
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