gifts of life insurance

By making a gift of life insurance, you can make a significant gift to WSEM without dipping into your capital assets. While there are many different kinds of life insurance, the principle of giving remains the same: a relatively small present gift will ultimately provide a much larger gift in the future.

When making a life insurance gift to WSEM, you may contribute an existing policy that your family no longer needs or you may establish a new policy with WSEM named as owner and beneficiary. When you give an existing policy, you may qualify for a charitable income tax deduction based upon the cash surrender value of the policy on the date of the contribution. In the case of a new policy, you may deduct the amount of your premium payment as long as it is provided to WSEM.

Benefits of Gifting Life Insurance

• You acquire advantageous tax deductions.
• You have the ability to make a larger gift than you may otherwise make.
• You have the ability to make a contribution without disturbing other assets.

Determining the right plan for you depends on a number of factors including your age, income needs and financial objectives. Consult your financial advisor to formulate your best strategy.

Recognition: The WSEM Legacy Society
WSEM recognizes and honors friends of the agency who inform us of their intention to invest in the future of Cleveland's children, youth and families through planned or deferred gift arrangements. Please notify us of your intentions by completing this WSEM LEGACY SOCIETY ESTATE INTENTION FORM.

Contact Us
The Vice President of Advancement is available to discuss how to gift life insurance to benefit WSEM. For further information, please contact the Advancement Department at (216) 651-2037.