A gift of life insurance can be a low-cost yet generous way to make a meaningful contribution to CCSU. It’s a good way to transform affordable premium payments into a substantial future donation. There are several ways you can give your life insurance policy, or death benefits from it.
Designate The CCSU Foundation, Inc. as a Beneficiary
By designating the CCSU Foundation, Inc. as a beneficiary, in part or in full, you retain ownership of the policy and have the flexibility to make changes to the beneficiary designation later. Any policy distributions to the Foundation will be exempt from estate tax. As the beneficiary, the CCSU Foundation will receive the death benefits when you die.
Donate your Life Insurance Policy
You can donate your life insurance policy to the Foundation as long as the policy is paid in full, or you can agree to make an annual tax-deductible cash donation in the amount of the annual policy premium. Upon your death, the Foundation will receive the full death benefit.
Once we receive confirmation of your gift of an insurance policy you will enjoy membership in the Legacy Society. We also suggest you seek the advice of your financial and/or legal advisor.