There Is A Customer Who Needs Your Help!

Fifty-nine and one-half or older, your customer has spent a lifetime working hard and saving money to accumulate wealth. Now, your customer wants to explore ways of accessing the appreciated capital. Your client may want to use this capital to create a fixed stream of income for life. Or, your client may want to direct a stream of income to one or more children or grandchildren, a disabled family member, or some other loved one. This customer will find attractive a significant tax deduction to offset a potentially large capital gains tax. Also, your customer will welcome the opportunity to make a significant donation to a charity, school, religious organization, or cause-related group that is important to him or her.

54Freedom Broker Support Is There Every Step Of The Way.

If this sounds like one of your clients, we can help. Our patent-pending 54Freedom Gift Annuity process can help you and your customer achieve all these goals quickly, safely and easily. Not an estate planning expert or senior advisor specialist? We can help here too. 54 Freedom Securities, Inc. can provide you with expert case design, training, technical case support, and access to an appropriate product. Our products offer excellent compensation from an established carrier with strong ratings. Most important, we can help you every step of the way, from initial case design to closing to post sale administration.

Got Questions About 54Freedom Gift Annuities?
We've Got Answers — What You Need to Know (FAQ's)

What is a Charitable Gift Annuity?

A charitable gift annuity (CGA) allows your clients to make a gift to their favorite charity, and still receive an income for themselves or others. As part of the transaction, the charity, in return for a transfer of cash or other accumulated assets, agrees to pay a fixed sum of money over one or two lives. The payments from the charitable gift annuity are fixed and will not fluctuate.

What types of people and organizations are going to be interested in 54Freedom Gift Annuities?

54Freedom's Gift Annuity also works well for people with disabilities and special needs trusts, and, of course, high net worth individuals seeking tax advantaged investments. Additionally people with appreciated assets may be interested. Some examples include customers with CDs or other fixed income investments where the interest rate has declined. Customers who want to lock in growth of appreciated assets but who don't want to pay tax on the capital gain are likely to be interested. People with IRA's which have appreciated greatly should be interested too. A 54Freedom Gift Annuity transaction works well for charities of all kinds. We can help you to help them in their fund raising efforts.

What Makes 54Freedom's Approach to Charitable Gift Annuities Different for Financial Professionals?

The 54Freedom Gift Annuity Product is different from a traditional Charitable Gift Annuity. Its advantages are flexibility and security to clients and better compensation to the licensed agent. The 54Freedom team has Estate Planning, Planned Giving, Insurance, and Tax Experts on staff to help agents structure the transaction. The company provides detailed case design, as well as client customized sales illustrations and case presentation materials to support them and their clients.

What Are Some Of The Tax Benefits Of This Transaction?

Capital gains on the donated asset are reduced because a portion of the gain is offset by the deduction for a charitable donation. Any remaining capital gains are amortized over life of income stream. Additionally, the asset is removed from estate reducing the taxable estate to the donor's heirs.

What is the Underlying Insurance Product for 54Freedom Gift Annuity transaction?

Charitable Gift Annuities are fixed annuities as described by Section 501(m)(5) of the Internal Revenue Code. A 54Freedom Gift Annuity transaction can avail itself of a wider array of investment annuity products.

What Determines The Amount of The 54Freedom Gift Annuity Payments?

Four key variables are used to calculate the amount of the annuity payment received by your clients: the amount of the contribution, the number of annuitants, their age, of course, and the annuity interest rate.

What Determines the Interest Rate For The Annuity?

The American Council on Gift Annuities (ACGA) has published suggested charitable gift annuity rates since the 1920's. Although a charity is free to offer any schedule of rates it wishes — so long as its rates don't exceed the limits imposed by federal and state laws — most charities, including our 54Freedom Foundation, do in fact, follow the rates suggested by the ACGA.

What Determines The Amount of The 54Freedom Gift Annuity Payments?

Four key variables are used to calculate the amount of the annuity payment received by your clients: the amount of the contribution, the number of annuitants, their age, of course, and the annuity interest rate.

What Determines the Interest Rate For The Annuity?

The American Council on Gift Annuities (ACGA) has published suggested charitable gift annuity rates since the 1920's. Although a charity is free to offer any schedule of rates it wishes — so long as its rates don't exceed the limits imposed by federal and state laws — most charities, including our 54Freedom Foundation, do in fact, follow the rates suggested by the ACGA.

How Often Will The Annuity Payments Come?

The payout options can be either immediate or deferred. In addition, your client can select the frequency with which they receive payments be it, monthly, quarterly, semiannually, or annually.

How Is the Amount of the Deduction for a 54Freedom Gift Annuity Calculated?

There is an immediate tax deduction for current year with 5 year carry forward, if needed. The actual deduction amount is the amount of the contribution to the charity, minus the present value of the payments that will be made to the beneficiary. We make the calculation using IRS tables regarding life expectancy and assumed earnings as well as the annuity rate.

How Are 54Freedom Gift Annuity Payments Taxed?

If the 54Freedom Gift Annuity is funded with appreciated assets such as a mutual fund or deferred annuity, and the original donor is the one receiving gift annuity payments, part of the payment will be treated as ordinary income, part will be treated as capital gain, and part tax-free return of capital. We can make this projection for you as part of the case design process.

How Will My Client Know What Taxes to Pay Each Year?

Your client will receive an IRS Form 1099-R sent by the insurer.

What is 54Freedom Securities, Inc?

54 Freedom Securities Inc is a New York C corporation based in Cazenovia NY. It is a firm that sells financial products both fixed and variable with Sinclair and Co., a broker dealer in Darien, CT.With a patent pending process for electronic product sales it specializes in fund raising for charitable organizations, mainly in the Disability community. Under the 54FreedomGroup it is supported by a Telemarketing Center in Miami, Florida staffed by Veterans through a recruiting government grant.The 54Freedom Group helps fund a foundation led by partner Tom Sullivan, please visit www.54FreedomFoundation.com for additional information about our Foundation.

How Does 54Feedom Support The Sales Process?

The 54Freedom team has Estate Planning, Planned Giving, Insurance, and Tax Experts on staff to help you. We will begin by sending you a free Starter Kit, then once you have submitted an illustration request and appointment paper work we will provide you with detailed case design, complete illustrations and case presentation materials.

I'm not a registered representative. Can I still sell this product?

Yes! In order to work with us you need to have a valid state life insurance producer license. We will help you to submit appointment paper work for the appropriate carrier or carriers upon receipt of completed appointment paperwork.

What Information Do You Need for an Illustration?

Click here to see our interactive illustration fact-finder. The information we need includes name, address, birth date and gender of donor, as well as amount of donation, the likely timing of the gift, and what their tax rate paid was last year. For the projections we will also need to know who the annuitant(s) are likely to be, their ages, sexes and states in which they reside, as well as the tax rate percentages.

I'm Interested. What do I need to do next?

We will ask you for your contact information and send you a financial professional starter kit. To start selling, you will need to complete a standard nondisclosure form, an agency fact finder, a marketing agreement and a carrier contract. Click here to receive your free "Financial Professional Starter Kit."

Disclaimer: This is not tax or legal advice. Please be sure to involve you clients' tax and legal advisors in any transaction.