Gifts of Life Insurance
How It Works
- You transfer ownership of a paid-up life insurance policy to Convoy of Hope.
- Convoy of Hope elects to cash in the policy now or hold it.
- Make a gift using an asset that you and your family no longer need.
- Receive an income tax deduction equal to the cash surrender value of the policy.
- You may be able to use the cash value of your policy to fund a gift that delivers income, such as a deferred gift annuity.
©2014 Convoy of Hope, Inc. is a registered 501(c)(3) nonprofit organization // All donations are tax deductible in full or in part. // Delivering HOPE since 1994.