Sometimes life changes alter your life insurance needs. You may currently own previously purchased policies that are no longer necessary. For example: a policy on you, a spouse, or a child that is now financially independent; a policy for your children’s education now paid by some other means; or a policy purchased to protect a business that no longer need s protection.
Benefits of donating life insurance to Summit Ministries include:
- The gift is immediate, which also gives you immediate tax deductions
- Confidentiality is assured, as life insurance is not a matter of public record
- The gift is flexible and can be designed to meet your giving desires
If you are interested in making a charitable life insurance donation, please contact us to discuss the details.