Gifts of Life Insurance

 


How It Works

  • You transfer ownership of a paid-up life insurance policy to Somerset Health Care Foundation.
  • Somerset Health Care Foundation elects to cash in the policy now or hold it.
  • Consider naming Somerset Health Care Foundation in your long-term plans. It's simple.

Benefits

  • Make a gift using an asset that you and your family no longer need.
  • Receive an income tax deduction equal to the cash surrender value of the policy.
  • You may be able to use the cash value of your policy to fund a gift that delivers income, such as a deferred gift annuity.