A gift of your life insurance policy is an excellent way to make a gift to Illinois State University.
If your life insurance policy is no longer needed or will no longer benefit your survivors consider making a gift and help further our mission.
Did you know that you can give your life insurance policy to Illinois State University today and receive a charitable income tax deduction? You can also make deductible contributions to Illinois State University each year which we may use to pay the premiums. We benefit from the proceeds of your policy.
You can also designate Illinois State University as the beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. The policy will be included in your taxable estate when you pass away, but your estate will benefit from an estate tax charitable deduction for the value of the gift to us.
If you have any questions about making your gift of life insurance, please click here to send us an email with your questions or comments.