Gifts of Life Insurance
How It Works
 |
You transfer ownership
of a paid-up life insurance policy to Gilman. |
 |
Gilman
elects to cash in the policy now or to keep the policy and receive
the death benefit later. |
Benefits
- You receive gift credit and an immediate
income tax deduction for the cash surrender value of the policy (technically,
the “interpolated terminal reserve value” of the policy).
- In some cases, you can use the cash value
in your policy to fund a life-income gift, such as a deferred
gift annuity.
- You can have the satisfaction of making
a significant gift now to Gilman without adversely
affecting your cash flow.
To learn more about gifts of life insurance, Email us, complete the Information Request form, or call us at 410-323-7176 so that we can assist you.