Life insurance policies are often overlooked as assets and means of charitable support.
A properly structured Life Insurance Policy will allow your money to grow tax-free and then upon your death, your estate will receive a charitable deduction for the amount of the proceeds donated to Sacred Heart Radio.
If you already own a policy, you may also assign the ownership from yourself to Sacred Heart Radio. If you live more than three years past the date you reassign the policy, the proceeds will not be included in your gross estate. If you do transfer a policy to Sacred Heart Radio before your death, you will also get an income tax deduction in the year you make the transfer.
Contact your insurance agent or financial advisor for more information on the tax benefits of a Life Insurance donation to Sacred Heart Radio.
