Insuring the lives of your board members will generate large windfalls of money for your organization.

ICS Inc. and our strategic partners in the financial industry have developed The ICS Legacy Plan. Any board member, even if non-compensated, may participate in a voluntary plan which allows the nonprofit to insure his or her life in the amount of $100,000 for the future benefit of the nonprofit.  The nonprofit is the owner, premium payer and beneficiary, thus giving the organization total control.



Eliminating uncertainty

Many nonprofits have experienced the disappointment of an anticipated large windfall donation at the passing of a board member, only to receive nothing.  Without the control that ownership gives, the beneficiary can be changed; this is why ownership is important.

The ICS Legacy Plan ensures that your organization will receive the benefit of the policy. As the owner, the nonprofit controls who is designated as the beneficiary. 



Even if they retire, or their term expires

Even if the board member has retired, or their term has expired, the policy will remain in force.  Simply engage The ICS Legacy Plan and tuck it away; think of it as a drawer full of promises.



What about insurable interest

Yes, your nonprofit has insurable interest in its board members. As long as your organization meets the definition of a charitable organization provided in 26 USC 170 (c) or 26 USC 501 (c) (3), and the written consent of the board member is obtained, your nonprofit has insurable interest.



Once available only to for-profit companies

This paradigm shift in the thinking of the financial world allows nonprofit organizations to enjoy many of the same benefits and programs used for decades by the most successful for-profit businesses. The ICS Legacy Plan allows any director or board member of a nonprofit, even if non-compensated, to volunteer to participate in a plan which allows the nonprofit to insure their life for the future benefit of the nonprofit.



Saying thank you to your board members

Imagine, The ICS Legacy Plan may allow your board members, and their families, to be recognized as major philanthropists! In addition to their other achievements, the lives of the board members would be celebrated as major benefactors to your nonprofit; recognized today and remembered tomorrow by the organization and the entire community. Their lives, and their inevitable passing, will be positive examples anyone would be proud to emulate.



The ICS Legacy Plan is the answer

Your board members, aside from their current responsibilities, may now choose to play a greater role in providing future dollars to fund your organization.

Contact ICS, Inc. :

Innovative Compensation Strategies, Inc.
W12292 Hong Road
Osseo, Wisconsin 54758
(715) 598-4151

Click on the email address below or submit the contact form.