Insurance for a non profit org?

Jun 20, 2007

  1. jamieo8989
    Offline

    jamieo8989 New Member

    Posts:
    1
    Likes Received:
    0
    I am in the process of building a non-profit organization with several other members, and after several months of fund raising, and discussion, it is beginning to take shape. We have now hired an accountant, and some other employees, and have a group insurance policy.

    My question is, can I name the non-profit group itself as my beneficiary? I have no family, and can think of no better option. How would this work?

    Sorry if this is a stupid question… I’m not very financially savvy.

    Thank you and to all, have a blessed day.
     
  2. somarco
    Offline

    somarco That Medicare Expert Guy

    Posts:
    29,004
    Likes Received:
    2,598
    State:
    Georgia
    NFP organizations are named beneficiary's all the time. Usually makes your premiums tax deductible.
     
    somarco, Jun 20, 2007
    #2
Loading...