Gifting a life insurance policy is an ideal way to make a gift that will be larger than what you paid for it. You would need to make Guideposts Foundation the owner and beneficiary of the policy and pay any remaining premiums. Your charitable deduction depends on the status of the policy, whether it is paid in full, or if premiums are still due.
Download a free booklet Planning for the Future here.
To speak with a Guideposts Foundation staff member about donating a life insurance policy, please call 1-800-728-5653, ext. 3 or email [email protected].