Life Insurance

Gift of Life Insurance

You can transfer the ownership of a paid-up life insurance policy to Jackson Memorial Library. JML can elect to cash in the policy or to keep the policy and receive the death benefit later.

Benefits

•     You receive gift credit and an immediate income tax deduction for the current value of the policy.

•     In some cases, you can use the cash value in your policy to fund a life-income gift (please consult with your financial consultant or estate planner).

•     You can have the satisfaction of making a significant gift now to JML without adversely affecting your cash flow.

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