Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to Alfred State. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Alfred State. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Gift of Insurance

Insurance

Alfred State

Benefits of gifts of life insurance

• Receive a charitable income tax deduction
• Receive additional income tax deductions each year that you make additional contributions so that Alfred State can pay the annual insurance premiums
• At death, the proceeds of your policy will be paid to our organization and we will use the insurance proceeds to continue our charitable work

How to make a gift of life insurance

To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include Alfred State as the beneficiary of your policy.

Contact us

If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.

Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.

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