Planned Giving

Gifts of Life Insurance

Gift of Life Insurance Diagram

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.

Benefits

  • 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.


The material on this website is not offered as legal or tax advice. Please consult with your professional advisors prior to any gift.
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