Gifts of Life Insurance

Life Insurance Policy

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 Policy

Click to
See Diagram

Life Insurance to Replace Gift

Life insurance can also be used to replace an asset that has been given to Missouri S&T. How it works: After a donor makes a gift to Missouri S&T, 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 a life insurance policy on the donor's life. Such an arrangement can ensure that the interests of family beneficiaries will not be adversely affected.

Life Insurance to Replace Gift

Click to
See Diagram