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Gifts of Life Insurance
Click Here for Detailed
Explanation
How It Works
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You transfer ownership
of a paid-up life insurance policy to Eckerd College. |
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Eckerd College 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 Eckerd College without adversely
affecting your cash flow.
More
For more information
If you are considering a gift of life insurance, email us,
complete the personal illustration form,
or call us at (727) 864-8229 so that we can assist you through
every step of the process.
Judi Schraer
Director of Gift Planning
Eckerd College
4200 54th Avenue South
St. Petersburg, FL 33711
(727) 864-8229
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