Planned Giving

February 10, 2010 | Philip Smethurst

Life Insurance Policies

Consider gifting a life insurance policy to Overland Missions. If you no longer need all the life insurance coverage you purchased years ago, you may consider it as an asset you can give to us. This is an easy way to make a large gift with little cost to yourself.


Benefits
• Save taxes this year if you transfer ownership of a policy that has a cash surrender value
• If you continue to pay the premiums, those payments are deductible as charitable gifts
• Remove the value of the life insurance from your taxable estate Bequests and Estate Planning


Also you may consider naming Overland Missions as the beneficiary of your policy, while maintaining ownership.  No income tax deduction is allowed, but you retain the right to change your mind during your lifetime.



To inquire in more detail about any of our planned giving options, please contact Richelle Lopez by e-mail: richelle@overlandmissions.com or by phone 321-452-9696