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Gifts of Life Insurance |
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How It Works
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You transfer ownership of a paid-up life insurance policy to Stuart (in some cases the donor may commit to pay the annual premium). |
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Stuart elects to cash in the policy now or to keep the policy and receive the death benefit later. |
Benefits
- You receive an immediate income tax deduction for the cash surrender value of the policy (technically, the “interpolated terminal reserve value” of the policy).
- You can have the satisfaction of making a significant gift now to Stuart without adversely affecting your cash flow.
To learn more about gifts of life insurance, Email us, complete the Information Request form, or call us at (609) 921-2330 ext. 279 so that we can assist you.