For more information, click here to download our free brochure: Three Simple Ways to Leave Your Legacy.
Planned Giving - Life Insurance Policies
A substantial gift at a relatively low cost.
Perhaps at one time you needed assurance that your loved ones would be financially sound after your passing, but your family has since grown, and you are now confident that their needs will be independently met. Why not use your insurance policy to leave a legacy? You will be making a substantial gift at a relatively low cost, and should circumstances change, you can cancel or make changes at any time.
You can designate Volunteers of America, Utah as the beneficiary for all, or a percentage of, your life insurance policy’s death benefit. You choose whatever percent you desire. To complete your future gift, contact your insurance company or agent. Request and complete a Beneficiary Designation Form, then mail it back to the insurance company. Be sure to keep a copy for your records and please let us know about your planned gift.
Did you know?
Many people think of a will as the surest way to transfer assets after they pass. But your will doesn’t cover everything. Beneficiary designations supersede your will when it comes to passing along certain assets after you pass. This makes filling out a Beneficiary Designation form a simple, meaningful, and easy way to leave your legacy.
This information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.