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Gifts of Life Insurance - Paid-Up Policy

Lifetime Insurance Diagram

How It Works

You transfer ownership of a paid-up life insurance policy to William & Mary .
W & M cashes in the policy now or maintains it and receives the death benefit later.

Benefits

You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy.
In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
You gain the satisfaction of making a significant gift to William & Mary without adversely affecting your cash flow.

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More detail on gifts of life insurance - paid-up policy.
Contact us so we can assist you through every step.