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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. 

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