I have invested in KMBC annuities because I know KMBC is doing an outstanding job in training and preparing youth for church related ministries. I feel my investment is an eternal investment. Another good reason is because banks, and secular institutions are paying the lowest interest in my life time.
If so, you may want to consider a Charitable Gift Annuity. A Charitable Gift Annuity is a contract between you and the college whereby you give a set sum of money and the college guarantees to give you a fixed rate of interest as long as you live. Another benefit is that part of the original amount and a portion of the income are tax deductible.