Life Insurance Policy

Life Insurance Policy Diagram

How It Works

  1. You assign all the rights in your insurance policy to the Foundation, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. The Foundation may surrender the policy for its cash value or hold it and receive the proceeds at your death

Benefits

  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to the Foundation to pay these premiums
  • You can make a substantial gift on the installment plan
  • The Foundation receives a gift they can use now or hold for the future

More Information

Contact Us

Brian Bailey
Director of Development
770-219-8502
brian.bailey@nghs.com

 

Northeast Georgia Health System Foundation
2150 Limestone Pkwy.
Suite 115
Gainesville, GA 30501

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