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