Gifts of Insurance
A gift of your life insurance policy is an excellent way to make a gift to United Way Worldwide. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to United Way Worldwide. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Another option for you to fulfill your philanthropic goals is to secure a new policy through our United Way LifeŽ program with United Way as the beneficiary. You receive a tax deduction for your gifts that support the premium payments. This policy can help you make a substantial investment in communities to strengthen and improve the lives of individuals and families by supporting our vital mission of improving the health, education and financial stability of our communities, supporting them in disaster relief and recovery efforts and helping transform them into more resilient communities. The premium payments are limited to no more than five years and result in a substantial investment in improving lives in our communities while you receive a current tax benefit.
Benefits of gifts of life insurance
- Receive a charitable income tax deduction
- If United Way Worldwide retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
- If United Way Worldwide cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
- If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work
How to make a gift of life insurance
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include United Way Worldwide as the beneficiary of your policy.
If you are considering a new gift utilizing our proprietary life insurance gift channel called United Way LifeŽ, please contact Evelyn Morgner at [email protected] to discuss your options and how best you can leave a magnificent philanthropic legacy.
Contact us
If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.
Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.