Legacy tithing is an excellent way to make a difference in the lives of others. A Kansas City Life agent can help you determine the best plan for accomplishing your contribution goals.
The right protection from the right company You can take comfort in knowing that your coverage is backed by a company in business since 1895. Kansas City Life’s reputation is built on integrity, sound investment strategies and honest business practices. We stand behind every promise we make as we have for more than 115 years. You can count on us to be here when you need us – now and in the years to come. We’ll be with you … We’re Kansas City Life. The coverage described is for the Income Assured Option offered by Kansas City Life Insurance Company. (Home Office: Kansas City, Mo.). Coverage many not be available in all states. Form number M652. Form number may differ by state.
Security Assured.
TM
3520 Broadway Kansas City, MO 64111 816-753-7299 www.kclife.com 2220
9.11m
K a n s a s C i t y L i f e I n s u r a n c e C o m pa n y
Legacy tithing through life insurance
W
hen you tithe, you know your contributions help your church pay critical bills and other ongoing expenses. Your tithes may also offer a number of valuable services to local residents, providing support for people in need and in some cases temporary shelter for families who might find themselves financially stressed. In this sense, you can view your tithes as an investment in your community’s quality of life. There is a way you can continue to support your place of worship by leaving a legacy that will benefit your church after your death. For a comparatively small life insurance premium, the ultimate gift – the policy’s death benefit payout amount – is generally many times larger than the total premium. These life insurance payout amounts allow you to make significant contributions to your church as a caring legacy. When Kansas City Life Insurance Company’s Income Assured Option, an easy, no-cost life insurance optional feature, is added to a policy, you can create an ongoing benefit for your beloved place of worship. Many believe it is only the wealthy who can afford to make meaningful contributions to their church. However, anyone can use the benefits of the Income Assured Option to accomplish his or her giving goals.
Legacy tithing through life insurance case study Ann, age 70, would like to continue making contributions to the church that has been so much a part of her life. With the help of her agent and a life insurance policy from Kansas City Life, Ann was able to set up a plan to continue contributions to her church after her death on a monthly basis. By using the Income Assured Option, Ann can select the death benefit payout amount and also the duration and frequency of her payments. Ann decides she would like to leave a legacy of a $500 monthly contribution for 15 years. After Ann’s death, her church will receive an Installment Benefit Amount of $500 every month for the next 15 years. The total death benefit payout for that 15 year period equals $90,000. If Ann’s plans change, she can easily adjust the payout amount and schedule without cost. These monthly payout amounts will serve as a continual reminder of Ann’s commitment and devotion.
Income Assured Option Summary Specified Amount
$72,607
Lump Sum Benefit Amount
$0
Installment Benefit Amount
$500 monthly for 15 years*
Total Death Benefit Payout
$90,000
Income Assured Option Detail Year of Payout 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Lump Sum Payable
Annual Amount Paid*
Total Cumulative Death Benefit Paid
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000
$ 6,000 $12,000 $18,000 $24,000 $30,000 $36,000 $42,000 $48,000 $54,000 $60,000 $66,000 $72,000 $78,000 $84,000 $90,000
*Based on an Installment Benefit Amount of $500 per month. A percentage of each death benefit payment will be classified as taxable. Please consult your tax advisor for additional details.
W
hen you tithe, you know your contributions help your church pay critical bills and other ongoing expenses. Your tithes may also offer a number of valuable services to local residents, providing support for people in need and in some cases temporary shelter for families who might find themselves financially stressed. In this sense, you can view your tithes as an investment in your community’s quality of life. There is a way you can continue to support your place of worship by leaving a legacy that will benefit your church after your death. For a comparatively small life insurance premium, the ultimate gift – the policy’s death benefit payout amount – is generally many times larger than the total premium. These life insurance payout amounts allow you to make significant contributions to your church as a caring legacy. When Kansas City Life Insurance Company’s Income Assured Option, an easy, no-cost life insurance optional feature, is added to a policy, you can create an ongoing benefit for your beloved place of worship. Many believe it is only the wealthy who can afford to make meaningful contributions to their church. However, anyone can use the benefits of the Income Assured Option to accomplish his or her giving goals.
Legacy tithing through life insurance case study Ann, age 70, would like to continue making contributions to the church that has been so much a part of her life. With the help of her agent and a life insurance policy from Kansas City Life, Ann was able to set up a plan to continue contributions to her church after her death on a monthly basis. By using the Income Assured Option, Ann can select the death benefit payout amount and also the duration and frequency of her payments. Ann decides she would like to leave a legacy of a $500 monthly contribution for 15 years. After Ann’s death, her church will receive an Installment Benefit Amount of $500 every month for the next 15 years. The total death benefit payout for that 15 year period equals $90,000. If Ann’s plans change, she can easily adjust the payout amount and schedule without cost. These monthly payout amounts will serve as a continual reminder of Ann’s commitment and devotion.
Income Assured Option Summary Specified Amount
$72,607
Lump Sum Benefit Amount
$0
Installment Benefit Amount
$500 monthly for 15 years*
Total Death Benefit Payout
$90,000
Income Assured Option Detail Year of Payout 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Lump Sum Payable
Annual Amount Paid*
Total Cumulative Death Benefit Paid
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000
$ 6,000 $12,000 $18,000 $24,000 $30,000 $36,000 $42,000 $48,000 $54,000 $60,000 $66,000 $72,000 $78,000 $84,000 $90,000
*Based on an Installment Benefit Amount of $500 per month. A percentage of each death benefit payment will be classified as taxable. Please consult your tax advisor for additional details.
Legacy tithing is an excellent way to make a difference in the lives of others. A Kansas City Life agent can help you determine the best plan for accomplishing your contribution goals.
The right protection from the right company You can take comfort in knowing that your coverage is backed by a company in business since 1895. Kansas City Life’s reputation is built on integrity, sound investment strategies and honest business practices. We stand behind every promise we make as we have for more than 115 years. You can count on us to be here when you need us – now and in the years to come. We’ll be with you … We’re Kansas City Life. The coverage described is for the Income Assured Option offered by Kansas City Life Insurance Company. (Home Office: Kansas City, Mo.). Coverage many not be available in all states. Form number M652. Form number may differ by state.
Security Assured.
TM
3520 Broadway Kansas City, MO 64111 816-753-7299 www.kclife.com 2220
9.11m
K a n s a s C i t y L i f e I n s u r a n c e C o m pa n y
Legacy tithing through life insurance
Legacy tithing is an excellent way to make a difference in the lives of others. A Kansas City Life agent can help you determine the best plan for accomplishing your contribution goals.
The right protection from the right company You can take comfort in knowing that your coverage is backed by a company in business since 1895. Kansas City Life’s reputation is built on integrity, sound investment strategies and honest business practices. We stand behind every promise we make as we have for more than 115 years. You can count on us to be here when you need us – now and in the years to come. We’ll be with you … We’re Kansas City Life. The coverage described is for the Income Assured Option offered by Kansas City Life Insurance Company. (Home Office: Kansas City, Mo.). Coverage may not be available in all states. Form number M652. Form number may differ by state.
Security Assured.
TM
3520 Broadway Kansas City, MO 64111 816-753-7299 www.kclife.com 2220
9.11m
K a n s a s C i t y L i f e I n s u r a n c e C o m pa n y
Legacy tithing through life insurance