Hi,
First post so please accept my apologies if this is not in the correct area.
I am a FSA registered financial advisor and I have been thinking of using financial products to raise money for charity.
Many people have life insurance in the UK.
What if they moved their premium to a new provider and we donated a large percetage of the commission this generates to a charity of their choice?
i.e Mr & Mrs are paying £40 a month to life company A.
We move their cover to company B resulting in identical cover and monthly payment for them but also a donation of £350 to their charity.
So they are in fact "Giving without giving"
Their monthly outgoings are still the same but half an hour of their time has resulted in their charity receiving a substantial donation.
Scale it up and if you can persuade 1000 people who would like to help a charity simply to move their insurance provider at no cost to themselves, we could donate £350,000 to that charity.
Best of all it actually doesn't cost anybody any extra money.
They would have been paying this money out anyway.
Please let me know if this is something you would like to explore?
Thank you.
