How It Works

1. You transfer ownership of a paid-up life insurance policy to the College.

2. The College 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).  
  
• You can have the satisfaction of making a significant gift now to the Society without adversely affecting your cash flow.