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Lifetime Gifts of Insurance

How it works

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

Mercy Foundation North cashes the policy now, or maintains it and receives 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 gain the satisfaction of making a significant gift to Mercy Foundation North without adversely affecting your cash flow.

For more information, Contact Us.