Gifts of Life Insurance
Life Insurance is Often a Forgotten Asset
When you are at a point in life that life insurance is no longer needed, you can change your life insurance policy beneficiaries to ÎçÒ¹¾ç³¡. The policy can be designated upon death to support ÎçÒ¹¾ç³¡ as a partial or full beneficiary.
Why Include ÎçÒ¹¾ç³¡ in Your Life Insurance
- There is no need to contact your attorney and incur legal feels to add ÎçÒ¹¾ç³¡ as a beneficiary. You would simply need to fill out a beneficiary designation form. If there comes a time that the purpose of the future gift changes, you would then just let us know.
- You will leave a lasting legacy to support the goals and mission of ÎçÒ¹¾ç³¡.
Another option for those whose life insurance policies are obsolete who are also interested in a charitable deduction, is to transfer ownership of the policy to ÎçÒ¹¾ç³¡. The size of the charitable deduction will vary based upon the status of the policy (fully paid, partially paid or new policy).
If you have questions, or for more information on how you can make a gift to ÎçÒ¹¾ç³¡ using your life insurance policy, please contact us.