Gifts of Insurance
A gift of your life insurance policy is an excellent way to make a gift to one or more ministries of your choice. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to various ministries. For example, in the past you may have purchased a life insurance policy in order to provide for minor children. If they are now financially independent adults, consider gifting that policy to a ministry as a way to expand the Kingdom of God.
Benefits of Gifts of Life Insurance
- Receive a charitable income tax deduction
- If the ministry retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums.
- If the ministry cashes in the policy, you will be able to see firsthand how your gift supports its work.
- If the ministry retains the policy to maturity, or you name the ministry as a beneficiary, once the policy matures, the proceeds of your policy will be paid to your chosen Christian organization so that they can use the proceeds to further Kingdom work.
How to make a Gift of Life Insurance
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer, and include a church or ministry as the beneficiary of your policy.
Contact us
Our goal is to offer you the best God-honoring solution for your financial legacy. If you have any questions about leaving a gift of life insurance, or any other giving solution, please feel free to contact us. It would be our privilege to assist you and answer any questions you may have.
