Gifts of Life Insurance
How It Works
- You transfer ownership of a paid-up life insurance policy to Reid Hospital Foundation.
- Reid Foundation elects to cash in the policy now or hold it.
- Make a gift using an asset that you and your family no longer need.
- Receive an income tax deduction.
- In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
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