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Life Insurance Gifts
How Does a Life Insurance gift work?
Step 1: Transfer ownership of a fully paid life insurance policy to Safe Horizon.
Step 2: Safe Horizon will get the benefits of the policy to fund programs by either electing to cash in the policy now or keeping the policy and receiving the death benefit later.
Life Insurance Gifts: Benefits to You
- Receive credit for the gift and an immediate income tax deduction for the cash surrender value of the policy.
- You get the gratification of making a significant gift now that would fund Safe Horizon’s work without negatively affecting your current cash flow.