Bequest of insurance
Wayne: I wasn't ready to part with the insurance quite yet. I wanted to preserve the option of giving it to our family if someone needed extra help down the road. We both wondered if there was a way we could commit now to help our favorite charity's work but make our gift at a later date when it was clear the policy wouldn't be used.
Wayne: I also liked the fact that our estate would benefit from tax savings, which would help to preserve other assets intended for our family.
Is a gift of life insurance proceeds right for you?
Creating a bequest of life insurance proceeds is an easy gift to establish. If the proceeds from a life insurance policy are no longer needed, you can easily leave a gift by completing a beneficiary designation form. If you have questions about bequests from the proceeds of life insurance policies, please contact us. We would be happy to answer any questions that you have.
*Please note: The names and image above are representative and are not actual donors to VCU. Since your benefits could be different, you may want to click here to view a color example of your benefits.