You might have purchased life insurance coverage when your family was young and the reason for having this financial protection was clear. As you get older, the insurance benefits may become less necessary. These assets can become perfect gifts to support the future of the Diocese.
A gift of your life insurance policy could be a sensible and generous course of action:
- You may save taxes through an income tax charitable deduction when you transfer ownership of a policy that has a cash surrender value.
- You may increase after-tax income when the money you were spending on premiums now becomes a deductible gift to the Diocese, your parish or one of our ministries.