Planned Giving

Gifts of Life Insurance

    Gifts of Life Insurance

    Gift of Life Insurance Diagram

    How It Works

    • You transfer ownership of a paid-up life insurance policy to Saint Thomas More Chapel at Yale.
    • The Chapel elects to cash in the policy now or hold it.


    • 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.


    The material presented on this Planned Giving website is not offered as legal or tax advice.
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