You may not need an insurance policy any longer because the particular protection you bought it for is no longer needed or your retirement income from other sources is ample. Then, life insurance gifts can be made to Centers for the Handicapped Foundation. This provides an advantage to you as it allows for a private and confidential way to make a big gift that has current tax deductions.
Centers for the Handicapped Foundation benefits because the sum can be then used for capital imprvements such as equipment, remodeling and renovations, or be designated as a scholarship fund.

Some major ways to give a life insurance policy include:

• Buy a policy or turn over one already owned and name Centers for the Handicapped Foundation as beneficiary, or stipulate only a percentage of the benefits.
• Make Centers for the Handicapped Foundation a second beneficiary so that should the primary beneficiary not receive the insurance, then Centers for the Handicapped Foundation would.
• If you name Centers for the Handicapped Foundation as owner, you may save substantial dollars on your current income tax.
• Only you know the details that would be best for your financial situation. We stand ready to work with your tax advisor and make suggestions or provide information about the needs of Centers for the Handicapped Foundation that could be helped by this method of estate giving.