Gifts of Insurance

If you have life insurance policies you no longer need, you can realize valuable tax savings by transferring ownership of these policies to us and appointing us the beneficiary. If premiums remain to be paid, the income tax deduction is roughly equivalent to the cash surrender value. If the policy is paid up, the deduction is generally the replacement cost.

For more information on giving gifts of insurance, please contact the Foundation at 207-230-7092 or