Gifts Through Life Insurance Policies

Gifts Through Life Insurance Policies

You can purchase a new policy, name Samaritan's Purse as the owner and the beneficiary, and maintain the policy by paying the premiums and receive a donation receipt for the premiums paid annually. At your passing a significant gift would go to Samaritan's Purse.

Or you could name Samaritan's Purse as a beneficiary or co-beneficiary of that new policy or any existing policy. At your passing, the life insured amount would go to Samaritan's Purse and your estate would receive a donation receipt to be used as a tax credit.

You can donate an existing policy that you had purchased previously when your family was younger and name Samaritan's Purse as owner and beneficiary. Rather than cancel that policy, you can maintain that policy by paying the premiums and receiving a donation receipt annually for the premiums paid. That donation receipt in turn can generate a tax credit to offset taxes.

If that existing policy has a cash surrender value, the charity could cash it in and issue you a donation receipt that can be used to generate a tax credit.

Do not hesitate to contact us for more information and then talk to your advisor or agent about the value of using life insurance to leave a legacy that will last into eternity.

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