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Gifts of Life Insurance

Life insurance is more than a source of protection for your family’s financial future, it is a flexible, versatile asset that can be used to leave your legacy at Mercyhurst University.

Life Insurance

Mercyhurst University is named…

  • The beneficiary of a life insurance policy, or
  • The owner and beneficiary of a life insurance policy through an irrevocable gift.
  • Both scenarios offer specific tax advantages.
  • Future premium payments are deductible only if ownership of the policy is transferred to Mercyhurst University.

Benefits

A charitable contribution of a life insurance policy offers a number of practical advantages including:

  • 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 charitable remainder trust.

Where to Start

Please contact Ryan J. Palm ’07, associate vice president for advancement at rpalm@mercyhurst.edu or by calling 814-824-3320 to start a conversation about this type of gift.

A gift of life insurance entitles you to membership in the O’Neil Society, the recognition society for those giving to Mercyhurst through their will or other estate-related gifts.

 

Last updated on May 2, 2014

Mercyhurst Alumni is on Facebook Follow Mercyhurst Alumni on Twitter Connect with other alumni on LinkedIn The Official Mercyhurst Alumni YouTube Channel