Life insurance

Life insurance can be an accessible and impactful legacy gift.

During-lifetime gifts

Donors may:

  • Transfer ownership of an existing policy to a nonprofit

  • Purchase a new policy naming the nonprofit as owner and beneficiary

After-lifetime gifts

Donors may name a nonprofit as the beneficiary of a life insurance policy.

Upon the donor’s passing, the death benefit transfers directly to the organization.

Pro tip

Many donors hold life insurance policies they no longer need. Encouraging them to review existing policies can reveal unexpected legacy opportunities. Encourage donors to consult with their tax and legal advisors.

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