Gifts of Life Insurance

Give Life Insurance to the Broward Health Foundation

Naming the Broward Health Foundation as owner and beneficiary of a paid-up policy entitles you to either a deduction equal to your cost basis in the policy or its replacement cost—whichever is less. Naming the Broward Health Foundation as owner and beneficiary of a policy that is not paid up provides you with a tax deduction approximately equal to the policy's cash surrender value.

You also may purchase a new policy and name the Broward Health Foundation as owner and beneficiary. By donating the money required for the premium payments directly to the Broward Health Foundation, you receive a full tax deduction for these annual gifts.

Life insurance also can be purchased for you to replace other donated assets. For example, if you made a gift of real estate to the Broward Health Foundation, you could purchase a policy for the amount of this gift to ensure that your family will be taken care of as well.

Planned Gifts | Gifts of Bequests | Gifts of Life Income | Gifts of Real Estate | "Why I Give"

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