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Gifts of Life Insurance
Click Here for Detailed
Explanation
How It Works
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You transfer ownership
of a paid-up life insurance policy to the Crohn's & Colitis Foundation. |
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The Crohn's & Colitis Foundation elects
to cash in the policy now or to keep the policy and receive the
death benefit later. |
Benefits
- You receive gift credit and an immediate
income tax deduction for the cash surrender value of the policy (technically,
the “interpolated terminal reserve 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 Crohn's & Colitis Foundation without adversely
affecting your cash flow.
More
For more information
If you are considering a gift of life insurance, email us,
complete the personal illustration form,
or call us at (212) 685-3440 ext. 7448 so that we can assist you through
every step of the process.
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