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Life Insurance Gifts

A life insurance policy can be an ideal tool for charitable giving.

There are several options:

  • Simply change the beneficiary of an existing policy to MOC and earn an estate tax charitable deduction;
  • Make MOC the owner and beneficiary of an existing policy. This removes it from your taxable estate and earns an immediate income tax deduction approximately equal to the cash value of the policy. Future premiums qualify for an income tax charitable deduction.
  • Take out a new policy with MOC as the owner and beneficiary. All premiums payments are tax deductible.

The proceeds from your life insurance policy can be added to your endowed fund.

If you have questions about making a planned gift to Mount Olive College, please contact Jeff Daughtry confidentially in the Office of Planned Giving at jdaughtry@moc.edu