Gifts of Life Insurance

How It Works

• You transfer ownership of a paid-up life insurance policy to Glenelg Country School.
• Glenelg Country School elects to cash in the policy now or hold it.
• Consider naming Glenelg Country School in your long-term plans. It's simple.

Benefits

• Make a gift using an asset that you and your family no longer need.
• Receive an income tax deduction equal to the cash surrender value of the policy.
• You may be able to use the cash value of your policy to fund a gift that delivers income, such as a deferred gift annuity.

• Don't Throw That Life Insurance Policy AwayOpens new window

Next

• More details on gifts of life insurance.
• Frequently asked questions on gifts of life insurance.
• Contact us so we can assist you through every step.