Gifts of Life Insurance – The Miracle of a Piece of Paper and a Drop of Ink

The gift of life insurance can be immediate, economical, private and easy to make.

You can gift life insurance to the Endowment Fund in the following ways:

A)    Name the Endowment Fund as beneficiary of a policy;

B)      Assign your annual dividends to the Endowment Fund;

C)     Give a “paid-up” policy you own by changing the ownership of the policy;

D)    Give a policy on which you are still paying premiums to the Church;

E)     Obtain a new policy for the benefit of the Endowment Fund.

Each of these options offers various income, gift, estate or capital gains tax advantages for you and your family.  As a result, life insurance has become one of the most popular ways to contribute substantial sums to charity for a relatively small investment.

If you think one of the above scenario might apply to you, the Endowment Fund Directors will be happy to put you in touch with the Virginia Baptist Foundation to discuss with you and your advisors how your old life insurance policy might be re-purposed in ways most meaningful to you, your heirs and Manly Memorial Baptist Church.

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