fbpx

Gift of Life Insurance

  • Substantial gift. Naming CSEMS as the beneficiary of such a policy allows you to make a substantial gift to CSEMS that will benefit students for many years without reducing investment assets.
  • Income tax deduction. If you also choose to name CSEMS as the owner of the policy, you may be able to take an income tax deduction for the lower of the cash value or the amount of past premiums paid.
  • Deductions for future premiums. If CSEMS is the owner of the policy and premiums are still payable, your contributions to CSEMS to pay those premiums may also be deductible.

To make a gift, please consult with your financial advisor.

*This information is intended only as general guidance and should not be construed as legal or tax advice. It is important to check with your tax advisors regarding your specific situation.

Note: This material was updated February 18, 2016.