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    Gift of Life Insurance

    A life insurance policy is an excellent way to make a gift to Case Western Reserve University.

    Gift of Insurance
    Insurance
    CWRU

    Existing Policy: How It Works

    When the original purpose for the life insurance no longer applies—such as to educate children now grown or to provide financial security for a spouse now deceased—your life insurance can be directed to CWRU for a designated purpose. One option is simply to name CWRU as the beneficiary. (Naming us as beneficiary while you retain ownership of the policy, however, does not qualify you for an income tax deduction.)

    Alternatively, you can name CWRU as the beneficiary and assign ownership of the policy to us. An income tax charitable deduction is available under most circumstances.

    New Policy: How It Works

    Perhaps you don't own an existing policy but recognize the advantages of gifting a new life insurance policy. If so, you can, in most states, purchase a new policy and name CWRU as the beneficiary and owner of the policy. Rather than paying premiums to the insurance company, you make tax-deductible contributions to CWRU to cover the premium payments. Even greater leverage (lower premium costs or increased benefit amount) is possible when two donors, typically spouses, purchase a two life survivorship policy.

    Contact Us for More Information

    If you have any questions about making your gift of life insurance, please click here to send us an email with your questions or comments.

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    The information provided by the Office of Planned Giving on this website is intended to provide general information that may be helpful to you in your charitable, financial and estate planning. It is not intended and should not be taken as legal, tax or other professional advice. Figures, calculations, and tax information are based on federal tax laws, regulations, rulings, and rates applicable at the time the information was prepared and are for illustration purposes only. Individual state laws may affect the availability of gift annuities. You should always consult with an attorney, accountant or other professional advisor for advice or assistance with your particular financial situation.