I am supporting in India a 35 year old family man who is devoting his
life to volunteer work.
Since I am myself already  75 years old, I am looking for a formula as how to
guarantee his income, and that of his eventual widow, past the years
when I will not be available anymore.
What schemes, (maybe through an US or Indian insurance company?), are
available for this type of guaranteed income?
Thank you for any suggestions.

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Clarification of Question by tosop-ga on 03 Jan 2006 14:51 PST

As per the first comment (daniel2d-ga):

I have been working with this man for 11 years now. He is in charge of
our micro credit programs in Madras area. I travel to see him twice a
year. I am a godfather to his two girls.
He has done quite amazingly well, most recently during the tsunami
crisis. So the comments about a scam, etc. are good warnings alright,
but not relative to my question. Thank you anyway, Daniel.

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Request for Question Clarification by pafalafa-ga on 03 Jan 2006 15:24 PST

tosop-ga,

I am not well-versed in these sorts of things, but I wonder if you
have spoken with an estate planner/financial advisor regarding your
question?

It doesn't seem that it should be too difficult to arrange a trust, to
be paid out in regular installments, to your colleague in India.  Is
that the sort of thing you envision, or did you have something very
different in mind?

Let us have a bit more context, and well see if there's anything we
can do to assist you.

pafalafa-ga

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Request for Question Clarification by richard-ga on 15 Jan 2006 07:39 PST

Please take a look at the program described here
http://www.domain-b.com/finance/insurance/max_new_york_life_insurance/20030308_financial_plan.html
and/or the alternative products described here
http://www.maxnewyorklife.com/our_product/individual.htm
and let me know if a further explanation of how these work would
constitute a satisfactory answer to your question.
Looking forward,
Google Answers Researcher
Richard-ga

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Request for Question Clarification by richard-ga on 15 Jan 2006 07:40 PST

because of a formatting problem you'll need to delete 'and/or' from
the end of the first link, for it to work.

You are doing a nice thing but ask yourself these questions:

1) how do you know he is doing volunteer work?
2) there are charitable organizations that pay their employees, why
not get a job with one of those?
3) why not give your money to a recognized charitable organization
that will pay their employess and allow them to possibly have a
retirement account?  And employment beyond what you can do.

Don't be taken in by an scams.

one of the options available would be a whole life pension plan for
himself and his widow. you could contact one of the bigger insurance
companies like LIC, TATA-AIG, ICICI Prudential