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.
Back to
Planned Giving
.