Planned Giving

Gifts of Life Insurance

How it works

  1. You transfer ownership of a paid-up life insurance policy to Bob Jones University.
  2. After the transfer, Bob Jones University elects to cash in the policy now or to keep the policy and receive the death benefit later.

Benefits

  • You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy (technically, the "interpolated terminal reserve value" of the policy).
  • In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
  • You can have the satisfaction of making a significant gift now to Bob Jones University without adversely affecting your cash flow.

A gift of life insurance is for you if ...

  • You are maintaining insurance coverage that your family no longer needs.
  • You hold few appreciated securities in your portfolio, or few that you wish to donate.
  • You are a younger donor who wants to create an endowment for us from income instead of capital.

Read more detail.

To learn more about gifts of life insurance, email us, complete the Information Request Form, or call us at 888.252.6363 so that we can assist you.

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