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Create a Jewish Legacy

Planned Giving

Gifts of Life Insurance

This diagram represents how to make a gift of life insurance - a gift that costs nothing during lifetime.

How It Works

  • You transfer ownership of a paid-up life insurance policy to your favorite charities.
  • Jewish Community Foundation elects to cash in the policy now or hold it.
  • Consider naming your favorite charities in your long-term plans. It's simple.

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.

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