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Lifetime Gifts of Insurance

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Gifts of Life Insurance - Paid-Up Policy

Lifetime Insurance Diagram

How It Works

  • You transfer ownership of a paid-up life insurance policy to Seattle Children's Hospital.
  • Seattle Children's Hospital cashes in the policy now or maintains it and receives the death benefit later.

Benefits

  • You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy.
  • In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
  • You gain the satisfaction of making a significant gift to Seattle Children's Hospital without adversely affecting your cash flow.

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This is not professional tax or legal advice. Donors must consult their tax and legal advisors regarding their specific situation.






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Foundation
206-987-2153
or 800-635-1432 (toll-free)

Guild Association
206-987-2153
or 800-635-1432 (toll-free)