Life Insurance to Replace Gift

An important but frequently overlooked role of life insurance is the one it can play in charitable gift planning. Life insurance itself can be the direct funding medium for a gift, permitting the donor to make a substantial gift (face value of policy) for a relatively modest annual outlay (i.e., the premium payment). Life insurance can also be used to replace an asset that has been given to Fordham.

How It Works
After a donor makes a gift to Fordham, the tax savings produced by the charitable deduction are used by his or her children or an irrevocable trust to purchase and pay the premiums on an insurance policy on the donor's life. Such an arrangement can ensure that the interests of family beneficiaries will not be adversely affected.

Next Steps

• View the diagram of this gift
• Contact us to learn more about this gift plan or other options
• Request an eBrochure with more information about this gift