For the charitable recipient (ROLDA), the benefits include:

• Amount of the gift—With a gift of life insurance, your favorite charitable interests may receive a larger contribution than would be possible if you gave other assets.
• Avoiding probate—Your life insurance gift can be put to work faster because the charitable recipient receives the proceeds of the policy immediately, without having to wait for the estate to be settled.
• The full amount—Because life insurance gifts are generally not subject to probate costs, your charitable beneficiary receives all the proceeds you designate.