A Guide to Planning Your Legacy
CHOOSE YOUR LEGACY
Gifts of Life Insurance
Three Ways to Contribute Life Insurance
1. You can give the future proceeds of an existing policy. Designate The Havergal College Foundation as the beneficiary and your estate will receive a charitable tax receipt. 2. You can give the policy itself. In addition to designating The Havergal College Foundation as the beneficiary, transfer the ownership of the policy to the foundation and receive a charitable receipt for the net cash surrender value. 3. You can give a new policy. You can establish a new policy and receive a charitable tax receipt for any premiums paid on the policy. For example, you can establish a new policy valued at $100,000 naming The Havergal College Foundation as owner and beneficiary. Benefits of Gifts of Life Insurance • Affordable annual premiums that often result in the largest gift of your lifetime. • A charitable tax receipt based on the way the insurance was gifted. • Gifts of life insurance are excluded from probate.
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