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Gifts of Life Insurance
CLICK HERE FOR A DETAILED EXPLANATION
How It Works
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You transfer ownership of a paid-up life insurance policy to The Latin School of Chicago. |
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After the transfer, The Latin School elects to cash in the policy now or to keep the policy and receive the death benefit later. |
Benefits
- You receive gift credit and an income tax deduction for the lesser of the cash surrender value of the policy or the total of you premium payments.
- In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
- You have the satisfaction of making a significant gift now to The Latin School without adversely affecting your cash flow.
More
To learn more about gifts of life insurance, E-mail us, complete the Information Request Form, or call us at (312) 582-6042 so that we can assist you.
The Latin School of Chicago
59 W. North Blvd. Chicago, IL 60610
(312) 582-6042 | Fax: (312) 582-6041
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