Page 10 - Nov 2022 News On 7
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CHARITABLE GIVING USING LIFE INSURANCE
     As her family all gathered to sit down at the Thanksgiving dinner table, Mable felt she had an extra-special reason to give
     thanks this year. While her husband, Frank, placed the turkey on the table, she fought back tears as she saw her grandson,
     Jackson, sneak an early bite of roast potato. Six months earlier, she wasn't sure Jackson would be sitting at the Thanksgiving
     table this year, but thanks to her local children's hospital, he survived his health scare and was back to his happy — if a little
     mischievous — self.
     The more Mable thought about the great care the children's hospital gave Jackson, the more she wished she could give back
     to them in some way. However, Mable never felt she was financially capable of doing so until she was pleasantly surprised
     at a recent review meeting with her financial advisor. As part of their conversation, her advisor asked her if she had ever
     considered gifting or had charitable intentions.  After sharing the story of Jackson, and how she would love to be able to
                                                                  give back to the hospital, her advisor explained that there
                                                                  was  a  strategy  that  could  allow  her  to  meet  her  gift
                                                                  intention  without  having  a  significant  impact  on  her
                                                                  retirement cash flow.
                                                                  Her  advisor  recommended  a  planned  gift  using  life
                                                                  insurance. Her advisor informed her that a planned gift of
                                                                  life  insurance  could  be  tax-effective  and,  at  the  same
                                                                  time,  could  help  balance  her  gifting  wishes  and  the
                                                                  financial needs of her and her family.
                                                                  Life  insurance  should  be  a  key  part  of  your  overall
                                                                  financial  strategy,  along  with  your  retirement  accounts
                                                                  and  other  investments.  Make  sure  you’re  properly
                                                                  covered – for today and tomorrow.
                                                                  This article was written by Edward Jones for use by your
                                                                  local Edward Jones Financial Advisor.
                                                                  Submitted by Scott Foster



     STIRLING  MUSICAL  INSTRUMENT                    THE       HEART       OF      HASTINGS
     LENDING LIBRARY                                  HOSPICE
     "If  you  are  into  music,  we  are  people  you  Thank  you  Madoc  Foodland,  Foodland
     should know...!"  Musical Instrument Lending     Stirling and Madoc Home Hardware and our
     Library (M.I.L.L.) in Stirling: serving Belleville,  incredible  community  for  supporting  our
     Quinte  West,  &  other  municipalities  in      Hearts Campaign over the last couple weeks!
     Hastings & Northumberland Counties.              We  can’t  thank  you  enough  for  your
                                                      continued  support  of  our  hospice  services.
                                                      Record breaking numbers!!!!
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