Life Insurance Gifts

The large cash value resulting from a relatively small premium makes a life insurance policy an attractive planned gift.   You may make a gift of life insurance in one of three ways:

  1. Donate a fully paid up policy, naming HI-USA irrevocable owner and beneficiary.  You are entitled to an income tax deduction for an amount equivalent to the cash value of the policy.
  2. Donate a policy on which premiums are still owing, naming HI-USA irrevocable owner and beneficiary.    You are entitled to an income tax deduction for an amount equivalent to the cash value of the policy and for any additional gifts to fund premiums.
  3. Purchase a new policy, naming HI-USA irrevocable owner and beneficiary.  The donor is entitled to an income tax deduction for gifts made to HI-USA that are designated for premium payments.

If you are considering including HI-USA in your estate plans, or would like to learn more, we suggest a gift-planning consultation.  Please email giving@hiusa.org.  

Or telephone us or use postal mail.