Many years ago you may have purchased a life insurance policy to ensure the financial security of your family. Today, your family circumstances may have changed and that policy is no longer needed for its original purpose.
If so, perhaps you should consider making a gift of that policy to WNED | WBFO?
By giving outright and complete ownership of a partially or fully paid-up life insurance policy, you will be able to can claim an immediate tax deduction. The amount of this deduction is based on the lesser of the policy’s fair market value or the net premiums paid.
Another easy option for giving life insurance is to name WNED | WBFO as a primary or contingent beneficiary of your new or existing policy.
Regardless of when or how you decide to give, your life insurance policy can help ensure the security of our community for many years to come.
To learn more about making a gift of life insurance, please contact Colleen Miller at (716) 845-7031 or firstname.lastname@example.org. We would be honored to work with you and your advisors as you consider your plans.
Please consult with your professional advisor for advice on the full impact of your charitable giving on your financial and/or legal circumstances.