Gifts of Life Insurance
A Gift of Buried Treasure
How it works
You transfer ownership of a paid-up life insurance policy to the American Heart Association.
The American Heart Association elects to cash in the policy now or to keep the policy and receive the death benefit later.
- You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy.
- In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
- You can have the satisfaction of making a significant gift now to the American Heart Association without adversely affecting your cash flow.
For more information