Life Insurance Policies are another means you can use to support the work of AFM.
Fully Paid Policy
Do you have a fully paid life insurance policy with no premiums due? If so, you can donate the policy as a charitable contribution and receive an income tax deduction for the replacement cost (not to exceed the cost basis).
Partially Paid Policy
If you have a life insurance policy which is not fully paid, you can make a gift of the policy by naming AFM as owner and beneficiary. This creates a tax deduction for the cash surrender value of the policy (not to exceed the cost basis).
New Policy
Purchasing a new lifeinsurance policy naming AFM as the owner and beneficiary makes the premiums you pay tax deductible and may be the best way to make a large gift to our institution.
Add a Beneficiary
Add AFM as a secondary beneficiary to an existing or new policy. If the other beneficiaries predecease you, our institution would become the beneficiary.
To explore the benefits of a specific gift, please email our Planned Giving Specialist
or call 269-473-4250, ext. 103.
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