Increase Font Size Decrease Font Size Print Page Contact the Chesapeake Bay Foundation

Gifts of Life Insurance

Gift of Life Insurance Diagram

How It Works

  • You transfer ownership of a paid-up life insurance policy to the Chesapeake Bay Foundation.
  • CBF elects to cash in the policy now or hold it.

Benefits

  • Make a gift using an asset that you and your family no longer need.
  • Receive an income tax deduction equal to the cash surrender value of the policy.
  • You may be able to use the cash value of your policy to fund a gift that delivers income, such as a, such as a deferred gift annuity.

Next


The material presented on this Planned Giving website is not offered as legal or tax advice.
Read full disclaimer|Sitemap|Planned Giving Content © 2014 VirtualGiving.com

1-800-SAVEBAY / 1-888-728-3229

BBB Accredited Charity Seal

Bids & Proposals | Privacy Policy

© 2012 Chesapeake Bay Foundation.
All Rights Resevered.

The Chesapeake Bay Foundation is a nonprofit,
tax-exempt charitable organization under
Section 501(c)(3) of the Internal Revenue Code.
Donations are tax-deductible as allowed by law.