Life Insurance Donations
Life insurance helps us take care of our families should the unthinkable happen. But once our own children grow up and personal assets build over time, life insurance policies often go from a critical asset to a potential source for charitable giving.
Here are two simple ways to contribute to the future of Driscoll Children’s Hospital with your life insurance policy:
- Make a Gift of Life Insurance Today. When you give your life insurance policy to Driscoll Children’s Hospital, you can receive a charitable income tax deduction. You can also make deductible contributions to Driscoll Children’s Hospital each year that can be used to pay the premiums. Ultimately, both you and the hospital benefit from your policy.
- Designate Driscoll Children's Hospital as Beneficiary of Your Policy. With this option, you will continue to own and can make use of the policy during your lifetime. Individual circumstances will vary; as with all tax and estate planning. Please consult your attorney or estate specialist. We will be glad to answer questions and offer suggestions confidentially based on your personal circumstances.
Contact Us for More Information
If you have any questions about making a planned gift of insurance, please contact Sean Pieri, Vice President of Development, at (361) 694-6405 or [email protected].