Eddy and May Receive a Tax-Deduction by Gifting a Life Insurance Policy
Eddy and May have successfully raised four fabulous children, and now they enjoy watching their grandkids grow up. Eddy purchased life insurance contracts earlier in life to make sure his family would be taken care of if something happened to May or he. As Eddy did the yearly review of their financial plan, he realized that they no longer needed the life insurance policies they had purchased when their children were young. They decided to find out how they could gift the insurance policy to a charitable organization. Eddy and May transferred ownership of the policies to 澳门六合彩 through the 澳门六合彩鈥檚 partnership with the Maricopa Community College Foundation, a 501c3. Their gifts allow deserving students access to higher education through scholarship and program support. Gifting the insurance policies was easy, and gave Eddy and May a tax deduction for the value of the policies.