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 30, 2022, you will receive gift credit for a portion of the face value of your policy.
If you will be 70 or older by June 30, 2022, you will receive gift credit for 100% of the face value of your life insurance policy.
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.