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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to UNCG. If your life insurance policy is no longer needed or will no longer benefit your survivors consider making a gift and help further our mission.

Gift of Insurance
Insurance
UNCG
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  • Fund a life income plan for you and/or your loved ones.
  • Provide you with a charitable income tax deduction.
  • Create a meaningful legacy at UNCG.

Make a Gift of Life Insurance Today

Did you know that you can give your life insurance policy to UNCG today and receive a charitable income tax deduction? You can then make deductible contributions to us each year which we can use to pay the premiums. We benefit from the proceeds of your policy. See your insurance agent to sign a form to transfer ownership of the policy to UNCG or its Foundation. Document your gift with a UNCG Gift Planning Pledge form. At death the benfit will be paid directly to UNCG for the purpose you choose. Contact us to assist you.

Designate Us as Beneficiary of Your Policy

You can also designate UNCG as the beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. The policy will be included in your taxable estate when you pass away, but your estate will benefit from an estate tax charitable deduction for the value of the gift to us. Ask your life insurance agent for a change of beneficiary form to include UNCG or its Foundation as a beneficiary. This does not require a modification to your will.

For example: "Twenty-five percent (25%) to The UNCG Excellence Foundation, Inc., tax identification number 56-6086393, for the benefit of The {your name here} Endowed Fund."

Contact Us for More Information

If you have any questions about making your gift of life insurance, please click here to send us an email with your questions or comments.

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