Answers to Common Questions
Frequently Asked Questions
Welcome to our FAQ page, where we address common questions about leveraging life insurance to fund the Gospel. Here, you'll find detailed information on how life insurance can be utilized as a powerful tool to ensure continuous support for Christian ministries. Whether you're curious about single premium life policies, the strategic use of annuities, or designating your policy's benefits to your church, we provide clear, straightforward answers. Our goal is to help you understand the various ways your life insurance can serve not just as a financial safeguard for your loved ones but also as a means to perpetuate your legacy of faith.
How much money is needed to participate?
This varies widely, depending on factors such as your age, health, and the type of policy you choose. Younger, healthier individuals may access lower premiums, while older adults or those with health issues might face higher costs. It's best to consult with us to get a personalized quote that reflects your specific circumstances. You may also use a current policy without any cost to you.
Don't I have to be wealthy for this to be effective?
No, A simple life insurance policy can be worth thousands of dollars to the designated ministry when it matures. Additionally, there are strategies that allow you to utilize the cash values of existing policies with no additional cash outlay, making this approach accessible to everyone. This method is designed to enable anyone passionate about supporting the Gospel to make an impact.
Can I use a Life Policy or Annuity I already own?
Yes, you can certainly use a life insurance policy or annuity you already own to support your church or ministry. There are several ways to do this, including donating the policy entirely or in part to the church. With annuities, you can opt to receive lifetime income while designating the remaining principal to be left to your church after your passing. We encourage you to get in touch with us so we can review your current policies and explore all the available options to ensure your contributions make the most significant impact.
What if I cannot qualify for a Life Insurance Policy?
If you are concerned about not qualifying for a life insurance policy due to health reasons, there are still viable options available. We offer certain life insurance plans that do not require a health check, making them accessible regardless of your medical condition. Additionally, annuities do not require health-related qualifications. While age may influence the terms and benefits of these financial tools, there are solutions designed to accommodate a wide range of needs and circumstances. Let's talk!
What Churches & Ministries qualify for this program?
For our program, you have the freedom to choose which churches or ministries you would like to support. The choice is entirely yours. Any Christian, Bible-based church or ministry of your choosing qualifies. It is up to you, the donor, to decide whether to support one or many organizations. The only requirement we uphold is that the organizations must be Bible-believing Christian entities. This ensures that your contributions align with your values and the core principles of faith.
Can I live off the funds and still support my church?
Yes, there are several ways to both live off your funds and still support your church. Options like annuities provide a steady income stream for your lifetime, while trusts, single premium life insurance, and utilizing cash values can also support your financial needs and fulfill your charitable goals. Each of these tools offers different benefits and can be tailored to your specific circumstances. We recommend contacting us to discuss which options suit you and your church or ministry best.
What are the Fees for your Services?
There are no fees for our services. As a ministry, our primary goal is to maximize the financial support flowing into the Christian church. We are committed to providing our services free of charge to ensure that we can assist as many people as possible. While it is not required, should you choose to purchase a life insurance policy or an annuity through us, the insurance company compensates us with a commission. This arrangement allows us to continue our ministry without charging our clients.
Am I required to Buy Anything from you?
No, you are not required to purchase anything from us.
Many individuals find ways to benefit from our unique services without any out-of-pocket expenses.
Options include donating an existing life policy, utilizing available cash value, restructuring beneficiaries, and more. Please contact us to discuss your situation and explore if these options suit your needs.
Who Guarantees my Lifetime Income Option
Your lifetime income option is guaranteed by the insurance company you select, ensuring that no funds are directly handed to the church or ministry at the outset. Instead, your donation is administered and managed by the insurance company to multiply and maximize its impact fully. Should the designated church or ministry ever cease operations, you can simply appoint another beneficiary and continue supporting the gospel. This arrangement makes it an extremely safe option for your funds.
Who would this Concept work Best for?
This concept is ideally suited for anyone with a generous heart, from individuals with a single life policy to those interested in complex charitable trusts.
Christian churches, ministries, missionaries, and para-church organizations can all benefit from the potential of these financial strategies.
We encourage such groups to share these concepts with their members or invite us to. Contact us today to learn more.
©Copyright. All rights reserved.
We need your consent to load the translations
We use a third-party service to translate the website content that may collect data about your activity. Please review the details in the privacy policy and accept the service to view the translations.