Gifts of Insurance
Daniel M. SmithI want to strengthen the University of New Haven for future generations of students, so I have designated the University as the beneficiary of one of my life insurance policies. Since this policy is no longer needed for its original purpose, I decided that it is the best asset for me to give.
Daniel M. Smith
Wealth advisor and former member of the University's Board of Governors
A gift of your life insurance policy is an excellent way to make a gift to the University of New Haven. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to the University of New Haven. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Benefits of gifts of life insurance
- Receive a charitable income tax deduction
- If the University of New Haven retains the policy to maturity, you can receive additional tax deductions by making annual gifts with which we can pay the premiums
- If the University of New Haven cashes in the policy, you will be able to see firsthand how your gift benefits University students
- If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work
How to make a gift of life insurance
To make a gift of life insurance, please contact your life insurance provider. Request a beneficiary designation form from the insurer and include the University of New Haven as the beneficiary of your policy.
Contact us
If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.
Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.
