Commercial Annuities

A Smart Gift to Leave to Lions Clubs International Foundation

Like retirement plan assets, commercial annuities provide for tax-deferred growth while the owner is living. Because distributions from commercial annuities are subject to income taxes, they are often considered among the best assets to leave to a charity. Due to our tax-exempt status, Lions Clubs International Foundation can receive your commercial annuity completely tax-free. The best way to give a commercial annuity in support of our mission after your lifetime is to name us as beneficiary.

Making this gift is as simple as updating your beneficiary form with your bank or insurance company. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn’t survive you.

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Next Steps

  1. Contact Robert Kanonik, J.D. at +1.630.468.7067 or robert.kanonik@lionsclubs.org or Ellen Winter, Ph.D. at +1.630.468.7163 or ellen.winter@lionsclubs.org for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include LCIF in your plans, please use our legal name and federal tax ID.

Legal name: Lions Clubs International Foundation
Address: 300 West 22nd Street, Oak Brook, Illinois 60523-8842
Federal tax ID number: Please contact us for our federal tax ID number.

Personal Estate Planning Kit

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This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

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