Who keeps your mission running if a key leader is gone?
Life insurance lets a non-profit recruit and reward key people, fund a leadership succession, and keep serving its community — even when a founder, director, or major supporter is no longer there.
Why non-profits use life insurance
A non-profit is only as strong as the people behind it. When a founder, executive director, or major donor passes away, the organization can lose its leadership, its funding, and its momentum — all at once. Life insurance provides the cash and the plan to carry the mission through.
- Replace the leadership, fundraising, or technical skills of a key person
- Recruit top executives with a benefit package the budget can afford
- Fund an orderly leadership transition when a founder or director retires
- Honor a donor's legacy with coverage that completes their pledge
- Give the board time to plan instead of reacting to a crisis
Key person coverage
The organization owns a policy on an essential leader or staff member. If they pass away, the benefit funds the search for a successor and covers the gap they leave behind.
Executive benefit plans
Split-dollar and deferred-compensation arrangements help small non-profits attract experienced executives they couldn't otherwise afford — with costs the board approves in advance.
Donor & legacy strategies
Life insurance can complete a donor's pledge if they die before it's fulfilled, or create an endowment-style gift the charity receives later.
Built on A+ rated carriers
We shop every policy among A+ rated carriers so the board can document that the organization's funds are protected by financially strong insurers.
Three common arrangements
Each structure fits a different situation. We'll walk your board through the options and coordinate with your accountant and counsel.
| Arrangement | Who owns the policy | Purpose |
|---|---|---|
| Key person coverage | The non-profit | Cash to cover the loss of an essential leader and fund the search for their successor |
| Executive split-dollar | Shared — organization and executive | Recruit and retain executives with a benefit that rewards long service |
| Deferred compensation | The executive's employer | A promised future benefit in exchange for staying with the organization |
Tikvah Advisors does not provide legal or tax advice. Executive benefit arrangements should be structured with your accountant and legal counsel and approved by your board.
How life insurance protects a non-profit
A short, animated walkthrough — what an organization loses when a key leader is gone, and the three arrangements that keep the mission funded.
Tikvah Advisors does not provide legal or tax advice. Executive benefit arrangements should be structured with your accountant and legal counsel and approved by your board.
Is life insurance right for your organization?
- Organizations that depend on a founder, director, or key employee
- Boards that want a succession plan on paper before it's needed
- Non-profits competing for talent against bigger budgets
- Donors who want to guarantee their pledge is completed
- Term or permanent coverage sized to the key person's value
- An IUL for long-horizon executive benefit funding
- Buy-sell style succession agreements between co-founding leaders
- Regular reviews as budgets and headcount change
Protect the mission you built together
A licensed agent will show you what it costs to protect your key people — free, no obligation. Call 678-787-0823.