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Gifts of Life Insurance

How it works

You transfer ownership of a paid-up life insurance policy to Mercy Foundation North.

The 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.
  • 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 make a significant gift now to Mercy Foundation North without adversely affecting your cash flow.

Consider a gift of life insurance if you:

  • Maintain insurance coverage that your family no longer needs
  • Have few appreciated securities in your portfolio, or few that you wish to donate
  • Need a significant charitable deduction this year

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More about gifts of life insurance


For more information, Contact Us.