3 Ways to Give Life Insurance
Powerful and Simple Way to Support Our Work
Payments for LifeLearn more about this simple gift by downloading your free copy of our informative guide Change Lives With Life Insurance.View My Guide
When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a powerful and simple way to support our work. There are three ways to give life insurance to St. Andrew's School:
Name us a beneficiary of the policy. This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn't survive you.
Make an outright gift of an existing policy. You can name us as owner and beneficiary of an existing policy. You may receive a federal income tax charitable deduction and reduce your future estate tax liability. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift.
Make an outright gift of a new policy. You can take out a new policy and irrevocably name St. Andrew's as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift.
- Contact Chesa Profaci at 302-285-4260 or email@example.com for additional information on life insurance.
- Seek the advice of your financial or legal advisor.
- If you include St. Andrew's in your plans, please use our legal name and federal tax ID.
Legal Name: St. Andrew's School, DE, Inc.
Address: St. Andrew's School, 350 Noxontown Road, Middletown DE 19709
Federal Tax ID Number: 51-007-9506
Make Sure You Have a Plan for All Your AssetsNot Sure How to Begin Planning?Download our Free Personal Estate Planning Kit
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under this agreement, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.