Life Insurance is another option for those who would like to make an estate gift to Cancer League of Colorado Foundation. Several scenarios are possible:
- Name Cancer League of Colorado Foundation as a beneficiary of an existing life insurance policy. This is the most common way people make a gift of life insurance.
- Irrevocably assign a paid-up policy to Cancer League
- Irrevocably assign a policy in which premiums are still due, and make annual gifts to Cancer League to cover these premium costs.
- Establish a new policy for which Cancer League of Colorado Foundation will be the owner and beneficiary, and make annual gifts to cover the premiums.
Differing tax implications may result, and could make one option more or less appealing.
To name Cancer League of Colorado Foundation as a beneficiary of an existing life insurance policy, please contact your life insurance company to request a Beneficiary Change form. Follow the instructions provided, complete and return the form, and your gift will be in place.
And please let us know of your gift, so that we can thank you for your kind support.
For more information, please contact us at firstname.lastname@example.org.