Insurance Policies
© Harvey Payne
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The Retirement Resource Organization accepts gifts of life insurance either as the beneficiary of a policy or as the sole owner and sole beneficiary. Either way, we can use these gifts to help us
provide material and financial assistance to retirees and caregivers around the
state.
Designating the Organization as a Beneficiary of an Insurance Policy
You can name the
Organization as primary beneficiary of your life insurance policy or as contingent beneficiary should your other beneficiaries not survive you. After your lifetime, the benefits from your policy pass to us free of federal estate tax.
Benefits
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Personal Satisfaction - In completing your estate plan and providing for the people and charities that matter most to you.
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Easy to Give - Involves little effort or paperwork.
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Financial Advantage - Continued ownership of your policy.
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Freedom and Flexibility - You can change your mind and your beneficiaries at any time.
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Future Tax Savings - Removes the asset from your potential gross taxable estate.
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Leave a Legacy - Your gift will ensure
retirees and caregivers will be helped across future generations. Become a Legacy Club member.
Changing your beneficiaries is easy. Simply contact your insurance carrier and request a beneficiary form.
How to Name Us as a Beneficiary – Legal designation information for beneficiary forms
How It Works (example)
Years ago, Jason bought a life insurance policy to protect his family. His family no longer needs this protection and he decides to name the
Organization as the beneficiary of the policy. After Jason's lifetime, the policy benefits will come to us to further our mission of saving
retirees and caregivers from distress.
Making an Outright Gift of a Paid-up Insurance Policy
You can donate your paid-up life insurance policy to the
Organization. If the policy has a cash value, we would have the option of either holding the policy until the maturity date or surrendering the policy in order to receive the policy's current cash value.
Benefits
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Income Tax Savings - Claim an income tax deduction.
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Future Tax Savings - Removes the asset from your potential gross taxable estate.
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Leave a Legacy - Your gift will ensure
retirees and caregivers will be helped across future generations.
How It Works (example)
Jane bought a life insurance policy years ago that she now wants to donate to the
Organization. Since she gave the policy to us, Jane can claim an income tax charitable deduction. The total amount of the policy is removed from her estate, and we will use the gift to further our mission of saving
critically deprived retirees.
Contact Us
Would you like more information on gifts of life insurance or becoming a Legacy Club member? Please contact us, e-mail
legacy@retirement-resource.org
or call us toll-free at (877) 855-3718.
Gift Planning Home | Name a Beneficiary Home | Appreciated Assets Home
Comparison of Giving Options | Contact Us
Information provided on our Internet site is not intended to be tax or legal advice. Please consult a qualified financial advisor before making a gift.
| The Retirement Resource Organization, Inc. is a tax-exempt charitable organization under Section 501(c)(3) of the Internal Revenue Code.
Donations are tax-deductible. | |
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