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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.

For more information

Email us, complete the personal illustration form, or call us at (800) 797-8022 Ext. 5 so that we can assist you through every step of the process.