LIFE INSURANCE
A VERSATILE TOOL FOR MANY PURPOSES
When you first obtained your life insurance
policies, you obviously felt a need for them.
Perhaps you do not need all that coverage today,
yet you still have those policies.
If you are thinking about a contribution to
Jesuit High School, a gift of your life insurance
could be a sensible, as well as generous,
course of action. If you make us owner of the
policy, you will normally receive an income
tax deduction for the policy’s fair market value
or cost basis, if lower, on the date of the gift.
If you name Jesuit beneficiary of the policy
(and retain ownership), you won’t be eligible
for current tax benefits because the gift is
revocable at any time.
Whether you name us as owner of the policy
or name us as the beneficiary while you retain
ownership, your estate will not pay estate taxes
on the policy proceeds we receive.
Benefits
Name Jesuit High
School as owner.
Receive a charitable
income tax deduction
when you name us as
beneficiary and assign
Jesuit ownership.
Receive future income
tax deductions when
you name us as owner
and continue to pay
premiums.
Name Jesuit High
School as beneficiary.
Obtain flexibility by
naming us as primary
beneficiary but
keeping ownership.
Name us as
contingent beneficiary
and secure your
family’s needs first.
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3 O T I O N S Life Insurance Policies You Can Give
1. A recently issued policy
2. An existing policy in premium-paying mode
3. A paid-up life insurance policy