Gifts of Life Insurance

 



How It Works

  • You transfer ownership of a paid-up life insurance policy to the Harvard Varsity Club.
  • The Harvard Varsity Club elects to cash in the policy now or hold it.
Benefits
  • Make a gift using an asset that you and your family no longer need.
  • Receive an income tax deduction.
  • In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.

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The purpose of this website is to provide general gift, estate, and financial planning information. Watch for tax revisions. State laws govern wills, trusts, and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts.