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A gift of your life insurance policy is an excellent way to make a gift to Wake Forest University.
If your life insurance policy is no longer needed or will no longer benefit your survivors, consider making a gift and help further our mission.
Did you know that you can give your life insurance policy to Wake Forest University today and receive a charitable income tax deduction? You can also make deductible contributions to Wake Forest University each year which we may use to pay the premiums. We benefit from the proceeds of your policy.
You may designate Wake Forest University as the beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. The policy will be included in your taxable estate when you pass away, but your estate will benefit from an estate tax charitable deduction for the value of the gift to us.
If you will be between the ages of 50 and 69 by June 30th, 2020, a portion of the face value of your life insurance policy will count in the Wake Will Capital Campaign.
If you will be 70 or older by June 30th, 2020, 100% of the face value of your life insurance policy will count in the Wake Will Capital Campaign.
If you have any questions about making your gift of life insurance, please click here to send us an email with your questions or comments.
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