Planned Giving and Other Options: Stock, gifts in-kind, etc. >
Life Insurance Policies
You may make a large charitable gift without impact on your current financial status, by designating Phoenix Seminary as the beneficiary of one or more of your life insurance policies. This is true even if you are continuing to pay premiums on the policy or policies. Benefits will be paid directly to Phoenix Seminary without the time or cost of going through probate.
You may also be able to receive a current income tax deduction and/or addition income tax deductions for these payments.