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 Stonehill.

How It Works
After a donor makes a gift to Stonehill, 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.

More Information

Contact Us

David Dugas
Senior Philanthropy Officer
ddugas@stonehill.edu
508-565-1341

 

Stonehill College
320 Washington Street
Easton, MA 02357

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