Crashing Life Insurance Values Could Mean Loss of Funds for Foundations and Nonprofits

CEDAR RAPIDS, Iowa (PRWEB) October 25, 2012

Healthcare, university and community foundations with gifted universal life insurance policies need to be aware of a relatively unknown trend that could affect the benefits they receive from these policies. If the donated policies were purchased in the 1980s or 1990s, plummeting interest rates and stock values in the past few years could mean the policies will die before the beneficiaries do—rendering the policy valueless.

The Kirkwood Foundation, like many foundations, receives life insurance policies as donations. The Foundation is cognizant of their responsibility to evaluate each policy on an annual basis with the goal to identify any policy that may be in danger of losing value. Annual statements are reviewed and in-force illustrations are requested, as they offer a complete analysis of a policy’s long-term performance. As a result, Kirkwood identified potential problems in several policies. Kirkwood sought professional insight from Polsar Financial</a>, which completed a comprehensive audit of the Foundation’s portfolio of policies and confirmed the Foundation’s concerns.

Polsar provided the Kirkwood Foundation with an all-in-one dashboard that represents a succinct assessment that will be simple and effective to review on an annual basis. Much like an annual physical, it is a way to monitor the financial health of each policy.

Healthcare, university and community foundations, and other nonprofit organizations that have donations in the form of universal life insurance policies are strongly encouraged to have their policies reviewed by an auditor specializing in universal life insurance policies. Polsar conducts low-cost policy audit reviews, and the benefits can be hundreds of thousands of dollars returned to the bottom line.

For more information, visit http://www.PolsarFinancial.com or call 877-556-4015.

About the Kirkwood Foundation
The Kirkwood Community College Foundation, Cedar Rapids, Iowa, supports the education and development needs of Kirkwood Community College’s students by providing resources not available through public funds. To learn more about the Kirkwood Foundation, visit http://www.kirkwood.edu/foundation

About Polsar Financial
Polsar Financial specializes in evaluation of universal life insurance policies and has a proven process to review, rescue and manage them. To learn more about Polsar Financial, visit http://www.PolsarFinancial.com.

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Read the full story at http://www.prweb.com/releases/2012/10/prweb10048825.htm