Gifts of Life Insurance
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How It Works
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You transfer ownership of a paid-up life insurance policy to Gilman. |
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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.
More
- Is this gift for you? Click
here.
- Read more detail. Click here.
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.