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A gift of your life insurance policy is an excellent way to make a gift to charity. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Gifts of life insurance provide a convenient and affordable way for you to make a substantial future gift with a modest contribution while also reducing your income taxes. When you make United Way the owner and irrevocable beneficiary of a life insurance policy, you may enjoy tax benefits, including charitable income tax deductions for any premiums that you may pay in the future.
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include United Way as the beneficiary of your policy.
Stay connected with our latest stories, volunteer projects, community involvement and ways you can make an impact.