Overview
In today’s market various not-for-profit organizations offer gift annuity programs as a means to motivate individuals to donate. These programs benefit both donors and not-for-profit organizations by providing lifetime income for donors while supporting the goals of the organization.
Numerous organizations have opted to self-insure their gift annuity programs, essentially behaving as insurance companies would, facing reserve requirements and administrative burdens. However, an increasing number of not-for-profit organizations are partnering with insurance companies to help manage the risks and costs associated with Charitable Gift Annuities, including:
Investment/Market Risk
Longevity Risk
Administrative Costs
Reinsuring a Charitable Gift Annuity
MetLife’s Charitable Gift Annuity program offers flexible solutions to help alleviate those risks and administrative burdens while providing donors with a secure income they can not outlive.
Benefits of reinsuring through MetLife’s CGA program include:
Transfer of risks, such as investment and longevity;
Access to potential excess reserves prior to donor’s death;
Relief of administrative burden
Renewed focus of CGA Program and primary mission
For more information on how MetLife can help, please contact:
John B. Kvernland
Senior Sales Director
(212) 817-6052
jbkvernland@metlife.com
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