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When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse now deceased—your policy can become a powerful and simple way to support our work. For any of these options, it is important to complete documentation with the 91��Ƭ�� Foundation stating the asset will be transferred as part of your estate plan. There are three ways to give life insurance to 91��Ƭ��:

Name 91��Ƭ�� beneficiary of the policy. This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate 91��Ƭ�� as the primary beneficiary for a percentage or specific amount. You can also make 91��Ƭ�� the contingent beneficiary so that we will receive the only balance of your policy if your primary beneficiary doesn't survive you.

Make an outright gift of an existing policy. You can name 91��Ƭ�� as owner and beneficiary of an existing policy. You may qualify for a federal income tax charitable deduction when you itemize on your taxes. If you continue to pay premiums on the policy, each payment may be tax deductible as a charitable gift when you itemize.

Make an outright gift of a new policy. You can take out a new policy and irrevocably name the 91��Ƭ�� Foundation, Inc. as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for younger donor. Whether you make a single premium payment for the policy or pay annual premiums, each payment may be tax deductible as a charitable gift when you itemize.