I sell life insurance as a big part of my day job, and you should be aware that buying a big life insurance policy for charity is the sort of thing life insurance underwriters tend to be a touch suspicious of. It can be done, but they’ll ask for things like your donation history to that charity and why you suddenly feel the need to shower hundreds of thousands of dollars upon them. Insurance applications can be turned down for financial reasons too, not just medical.
I sell life insurance as a big part of my day job, and you should be aware that buying a big life insurance policy for charity is the sort of thing life insurance underwriters tend to be a touch suspicious of. It can be done, but they’ll ask for things like your donation history to that charity and why you suddenly feel the need to shower hundreds of thousands of dollars upon them. Insurance applications can be turned down for financial reasons too, not just medical.