Life Insurance

Donating life insurance is another creative way to make a meaningful charitable gift. Here are some options to consider:

• Give a paid-up policy. You may have a life insurance policy that is no longer needed. You can name The Miriam Hospital as the beneficiary and transfer ownership of the policy. Your charitable deduction would be about equal to the policy cash value.
• Give a policy you are still paying premiums on. Your charitable deduction is the approximate cash value and future premium payments on the policy.
• Assign the dividends to The Miriam Hospital. The value of your dividends becomes an annual donation.
• Purchase a new policy to guarantee a pledge.
• Designate a beneficiary. Name The Miriam Hospital as a beneficiary to receive all or a percentage of the policy. A charity may be named as a contingent beneficiary.

The 1% Planned Gift

The Easiest Planned Gift

Simply designate 1% (or any percentage) of an insurance policy you control to The Miriam Hospital. You can keep your family and loved ones as 99% beneficiaries while making a charitable planned gift.

Ways to make a 1% planned gift:

• Obtain an insurance Change of Beneficiary form your agent or your company's Human Resources Department. It can be changed at any time.
• Contact your attorney about making a "1% Planned Gift" by adding a codicil attachment to your will. More about donating through a will and suggested wording for your attorney

Find out more: Contact Debbi Gilstein Jaffe, Chief Development Officer at 401-793-2062 or djaffe@lifespan.org or Eric Archer, Planned Giving Specialist 401-423-0083 or PGInfo@lifespan.org.