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Gifts of Life Insurance
(A Gift of Buried Treasure)

How it works

	You transfer ownership of a paid-up life insurance policy to the American Red Cross.
	The Red Cross 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 have the satisfaction of making a significant gift now to the Red Cross without adversely affecting your cash flow.