Gifts of Life Insurance
- Gifts Anyone Can Make: Gifts by Will or Trust | Gifts of Retirement Plans| Gifts of Appreciated Securities| Gifts of Life Insurance| Gifts of Personal Property
How it works:
- You transfer ownership of a paid-up life insurance policy to Baptist Health Care Foundation.
- The Foundation elects to cash in the policy now or to keep the policy and receive 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 can make a significant gift now to the Foundation without adversely affecting your cash flow.
Consider a gift of life insurance if you:
- Maintain insurance coverage that your family no longer needs.
- Have few appreciated securities in your portfolio, or few that you wish to donate.
- Need a significant charitable deduction this year.
Please contact us at 850.469.7906 prior to making a gift by will or trust to ensure it follows our Gift Acceptance Policies.