Often family Foundations are formed after the death of the Patriarch or Matriarch of a family. The funds used to establish the foundation generally come from the estate of the deceased in the form of a charitable gift. An alternative to making an outright gift from the deceased estate has been to use life insurance. However and as is the case with all forms of insurance, paying for the premiums, to create a foundation, especially with after-tax dollars can be a sticking point, regardless of financial wherewithal. Therefore, a viable alternative is to use FIT™ to fund a large death benefit that requires zero out of pocket cash thus eliminating the concern of liquidating invested assets to make a big financial commitment.