Supplemental Term Life Insurance Definition
Additional Life insurance benefit to a beneficiary in the event an insured dies within a certain period of time that's stated in the policy.
Senior members of the nation's insurance industry will meet in San Francisco on Friday, May 3, to celebrate the Insurance Industry Charitable Fund (IICF), its annual campaign to distribute more than $1 million to a variety of charitable causes, to name its annual ``Community Hero Award'' recipients and to honor Lloyd's of London and its Chairman of the Board, Saxon Riley, for their long history of charitable support in both England and the U.S. Since its inception in 1994, the IICF's annual donations have grown from $100,000 to $1.5 million. Last year, more than 112 not-for-profits across the state of California and beyond benefited from these donations. The IICF's goal is to annually cross the $1 million threshold in support of its mission to make a significant difference in four basic areas of philanthropy: Awareness and Prevention of Child Abuse, Targeted Educational Programs, Disaster Preparedness, and Health and Quality of Life.
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Over the past eight years, the IICF has benefited hundreds of worthwhile causes. In the past four years, it has donated at least $1 million each year to these causes. The IICF was created by insurance industry executives, agents and others to be a vehicle to focus and coordinate the insurance industry's charitable efforts. Donor companies are encouraged to recommend not-for-profit organizations in these areas. However, recommended agencies and programs must stand on their own merit under a careful IICF evaluation process. Editor's Note: For additional information about the IICF or the Gala, please contact the IICF's chief executive officer, Karen Chin, at 925/376-6557.
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