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.
© 2019 Convoy for Hope, is a 501(c)(3) tax-exempt organization (EIN: 68-0051386). All donations are tax-deductible where allowed by law. // Delivering HOPE since 1994.