Gift of Life Insurance

A gift of life insurance is popular, easy, and convenient. Generally, such a gift should be whole life and not term insurance. There are several ways to make a gift of life insurance.

Purchase a new policy and make St. David’s both the owner and beneficiary. The premiums are tax deductible.
Make St. David’s the owner and beneficiary of an existing policy. The cash value of the policy is deductible, plus any future premiums.
Make St. David’s a contingent beneficiary of an existing policy.

Learn more about Funding Future Ministry options.

Prospective donors are strongly urged to consult with their own legal, financial, and/or tax advisor regarding the tax advantages of planned giving. This information is for educational use and not intended to be financial, tax, or legal advice and should not be relied on as such.