Many people take out life insurance policies to ensure that their young and growing families are protected. Once their children are grown and financially independent, however, they find they have more life insurance than they currently need.
If you have a life insurance policy that no longer suits your needs, consider donating it to The Arc Jacksonville. Simply contact your insurance provider, request a beneficiary designation form and designate The Arc Jacksonville as the beneficiary of your policy.
If The Arc Jacksonville cashes in the policy, you will see firsthand how your gift helps The Arc Jacksonville continue our vital programs and services. And if the policy matures, the proceeds will help sustain those programs for future generations.
By donating your life insurance policy to The Arc Jacksonville, you will:
- receive a potential estate tax charitable deduction
- gain additional potential tax benefits: If we retain the policy to maturity, you can receive additional tax deductions by making annual gifts so The Arc Jacksonville can pay the premiums
- enjoy the satisfaction of knowing your gift will help The Arc Jacksonville empower and support individuals with intellectual and developmental differences
- ensure the sustainability of The Arc Jacksonville’s programs and services for future generations