Gifts of Life Insurance

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Life insurance may be a valuable and convenient way to give to Focus on the Family if you have an excess beyond what you originally planned for.

Giving life insurance offers many benefits

  • In most cases, the gift is tax deductible.
  • Is easy to assign a charity as a beneficiary
  • It is a confidential and timely gift since life insurance is not a matter of public record. Proceeds are paid to the beneficiary in cash quickly after death and are usually not touched by the probate process.

Ways to Support Focus on the Family through Life Insurance

Donate a paid-up policyYou may deduct the approximate cash surrender value (in most cases)
Purchase a new life insurance policyYou may deduct the premiums paid if Focus on the Family is named owner
Give a policy on which you are continuing to pay premiumsYou may deduct the approximate cash value (in most cases) and future premiums paid if policy is renamed with Focus on the Family as owner
Name Focus on the Family as primary, secondary, or final beneficiary of a policy you already ownPremiums are not deductible in this case since beneficiaries can be changed

How to make a gift of life insurance

Contact your life insurance provide to request a beneficiary designation form and list Focus on the Family as the beneficiary of your policy.

You can also designate Focus on the Family as a partial, full or contingent beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. Your estate may benefit from an estate tax charitable deduction. Your deduction for the gift of life insurance will depend on whether the policy has increased in value above the premiums and whether the policy is paid up or there are remaining payments to be made.


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