A gift of your life insurance policy is an excellent way to make a gift to Gospel for Asia. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to GFA. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Contact your life insurance provider to request a beneficiary designation form to name Gospel for Asia as a partial, full or contingent beneficiary of your policy. You will continue to own and can make use of the policy during your lifetime. Your estate may benefit from an estate tax charitable deduction.
Click here for more specific information about donating your life insurance policy to GFA.
If you have any questions about naming GFA as the beneficiary of your life insurance policy or donating 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 GFA as a beneficiary of your life insurance policy. We would like to thank you and give you information to help facilitate that gift after you leave this earth.
*Your deduction for the gift of life insurance will depend on whether the policy has increased in value above the premiums and whether the policy is paid up or there are remaining payments to be made.