Gifts of Insurance
A gift of your life insurance policy is an excellent way to make a gift to Legacy Deo. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Legacy Deo. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Benefits of gifts of life insurance
- Receive a charitable income tax deduction
- If Legacy Deo retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
- If we convert the policy to cash, you will be able to see firsthand how your gift supports our charitable mission
- If we retain the policy to maturity, or you name us as a beneficiary, the proceeds of your policy will be paid to our organization upon maturity and used to further our charitable mission
How to make a gift of life insurance
To make a gift of life insurance, contact your life insurance provider to request a beneficiary designation form. Name Legacy Deo as either a full, partial, or contingent beneficiary of your policy.
Contact us
If you have any questions about making a life insurance policy gift, please contact us. We are happy to answer your questions.
Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.
