U. S. Rugby Foundation Partners with The Penn Mutual Life Insurance Company as Part of Multi-Year Fundraising Campaign
San Diego, CA (March 21, 2019) – Penn Mutual has partnered with the United States Rugby Foundation to support a multi-million-dollar USRF campaign benefiting grassroots rugby across America.
MAXIMIZE YOUR RUGBY LEGACY
Did you know that you can leverage your cash donations to the U.S. Rugby Foundation and use life insurance to maximize your legacy to American rugby? By using the funds from your donations to fund a life insurance policy, you can use this long-term planning solution to maximize the legacy that you can leave to American rugby and ensure a lasting impact on the growth of the sport.
As part of a multi-year fundraising campaign, The Penn Mutual Life Insurance Company is pleased to partner with the U.S. Rugby Foundation and support their efforts of promoting rugby at the grassroots level. Rugby is well-known for promoting the values of integrity, respect, loyalty and community – values which have been inherent to Penn Mutual for over 170 years.
“It’s an exciting time for the U.S. Rugby Foundation as we step up our support of rugby through our multi-million dollar “With You” fundraising campaign,” said Brad Andrews, Chairman of the USRF. “We are equally excited to have The Penn Mutual Life Insurance Company as a partner in our fundraising efforts. Penn Mutual has displayed their commitment to rugby on many fronts and we are thankful to be partnering with them now and in the future.”
HOW DOES IT WORK?
At your request, the Foundation can purchase a Penn Mutual life insurance policy on your lifeusing your annual cash donations to the USRF and you still receive income tax deductions for your donations. Upon your death, the USRF will receive the proceeds and benefits of the policy, ensuring your legacy lives on.
Using life insurance may be an excellent way to donate to the U.S. Rugby Foundation. It could result in a substantial gift to the Foundation at a relatively small cost and may also provide you with charitable income tax deductions.
1“We’re pleased to support the USRF and their commitment to developing American rugby at all levels,” said Tom Harris, executive vice president of The Penn Mutual Life Insurance Company. “We continue to be impressed with the values of the sport of rugby – integrity, respect, loyalty, community – values that have been part of our company since our earliest days. By working with the USRF to grow the sport and promote these very values, we hope to help leave a lasting legacy on the rugby community and impact generations to come.”
Start maximizing your legacy today. Contact Jeff Leinen at leinen.jeff@pennmutual.com or (215) 956-8530. He will connect you with an adviser who will work directly with you to help ensure that your legacy to the U.S. rugby community lives on.
About Penn Mutual:Since 1847, Penn Mutual has been committed to helping people live life with confidence. At the heart of this purpose is the belief that life insurance is central to a sound financial plan. Through our network of trusted advisers, we are dedicated to helping individuals, families and businesses achieve their dreams. Penn Mutual supports its advisers with retirement and investment services through Hornor, Townsend & Kent, Inc. Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. We are proud to work together in a values-driven and relationship-based culture. Visit Penn Mutual at www.pennmutual.com.¹ The charitable income tax deduction for a cash contribution cannot exceed 60% of your adjusted gross income. There is a 5 year carryforward for any unused deduction. The life insurance proceeds would be excluded from your estate, and there are no gift tax implications for your contributions. Life insurance policies are subject to eligibility requirements and restrictions and may not be right for everyone. Any reference to the taxation of life insurance products in this material is based on Penn Mutual’s understanding of current tax laws which may be subject to change. Neither Penn Mutual nor any of its employees, agents, or representatives may give legal or tax advice. You should consult with and rely on your own independent legal and tax advisers regarding your particular set of facts and circumstances.
