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Make a Gift of Life Insurance

Give the gift of your life insurance policy.

A gift of life insurance that you no longer need can be an easy way for you to provide generous support to 1,000 Dreams Fund.

A gift of life insurance could be right for you if:

  • Your life insurance policy is paid up or has substantial cash value.
  • You have no loan outstanding against the policy.
  • The purpose of the policy no longer applies, i.e. your children are now grown.

How It Works

As the policy owner, 1,000 Dreams Fund will cash in your policy and use the proceeds to support our mission. Your benefits will include:

  • An immediate income tax charitable deduction for the value of your policy.
  • No change in your cash flow.
  • The satisfaction of making a generous gift to 1,000 Dreams Fund.

When your policy ends, 1,000 Dreams Fund will receive some or all of your policy’s death benefit, as you have designated. Your benefits will include:

  • The death benefit of your policy will not be included in your estate, which may save estate tax if your estate exceeds the applicable exemption amount.
  • No change in your cash flow.
  • The satisfaction of making a generous gift to 1,000 Dreams Fund.

This option offers the additional benefit that you can change your mind about your gift at any time should circumstances in your life change.

PLEASE NOTE THIS IS NOT PROFESSIONAL LEGAL OR TAX ADVICE. YOU SHOULD CONSULT YOUR LEGAL AND TAX ADVISORS REGARDING YOUR SPECIFIC SITUATION.