Gifts of Life Insurance - Paid-Up Policy: The Details
Donate a policy, take a deduction, deduct future premium payments, if any, and make an extraordinary gift. You’ll also get the proceeds out of your taxable estate.
Is this gift right for you?
A Gift of Paid Up Life Insurance Policy may be for you if…
Are you still carrying life insurance policies your family no longer needs? Consider giving those surplus policies to . You might help us more than you ever thought possible by using an asset you considered surplus.
Make your gift by naming us the irrevocable owner and beneficiary of a paid-up insurance policy on your life (this arrangement makes the gift complete in the eyes of the IRS).
You will receive an immediate charitable deduction for your gift. It will be the lesser of the policy's fair market value — we can guide you in determining this — or the total of your net premium payments.
We reserve the right to keep a donated insurance policy in force during your lifetime or to terminate it sooner for its cash-surrender value.
The professionals at our Department of National Planned Giving, Legacy and Endowments will be happy to discuss your interests, concerns and financial options, and work personally with you and/or your legal and financial advisors to create a plan that meets your needs and supports the Anti-Defamation League Foundation.
For more information, please contact:
Director of National Planned Giving, Legacy and Endowments
Anti-Defamation League Foundation (ADLF)
605 Third Avenue
New York, NY 10158
This information is provided for educational purposes. The Anti-Defamation League Foundation and ADL are not financial, legal or tax advisors. Please contact your advisors regarding your financial, legal or tax needs.