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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to your church or charity. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to your church or charity. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

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Benefits of gifts of life insurance

  • Receive a charitable income tax deduction
  • If your church or charity retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that they can pay the premiums
  • If your church or charity cashes in the policy, you will be able to see firsthand how your gift supports causes that you care about
  • If the church or charity retains the policy to maturity, or you name them as a beneficiary, once the policy matures, the proceeds of your policy will be paid to the organization you chose so that they can use the proceeds to further their mission

How to make a gift of life insurance

To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include your church or charity as the beneficiary of your policy.

Contact us

If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.

Please let your new beneficiary know if you have already named them so they can thank you and recognize you for your gift.

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