Gifts of Insurance
A gift of your life insurance policy is an excellent way to make a gift to Hillsdale College. If you have a life insurance policy that has outlived its original purpose (e.g., to provide security to minor children), consider making a gift of this policy to Hillsdale College.
Benefits of gifts of life insurance
- Receive an immediate charitable income tax deduction for the cash value or cost basis of your policy
- Receive additional income tax deductions each time you make a premium payment on this policy
- If the policy is redeemed, you will be able to see your gift at work on our campus and among our students
- If we hold the policy as a beneficiary, we will be able to use the proceeds at your passing and your estate will receive a tax-saving deduction
How to make a gift of life insurance
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include Hillsdale College as the beneficiary of your policy.
Contact us
If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.
Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you for your gift.
