Gifts of Life Insurance
(A Gift of Buried Treasure)
How it works
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You transfer ownership of a paid-up life insurance policy to the American Red Cross.
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The Red Cross elects to cash in the policy now or to keep the policy and receive the death benefit later.
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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.
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