Insurance Policies

Gifts of Life Insurance

There are a number of ways that a donor may use their life insurance to make a gift to Eastern Gateway Community College.    The two easiest life insurance donations are to make a gift of an existing life insurance policy to establish a new policy and name Eastern Gateway Community College as the owner and beneficiary of the policy.

Making it Happen:

  • You transfer ownership of a paid-up life insurance policy to Eastern Gateway Community College.
  • You establish a new life insurance policy and name Eastern Gateway Community College as the beneficiary.

Rewards:

  • The donor receives gift credit and an immediate income tax deduction for the cash-surrender value of the policy.
  • You enjoy the satisfaction of making a significant gift to Eastern Gateway Community College and it will not affect your cash flow.