Life insurance is a frequently overlooked asset. Many times the original need for the policy no longer exists, and in such cases a gift of the policy can be very rewarding, particularly if the policy is fully paid up. Life insurance may also be used if you want to make a gift of another asset (such as highly appreciated real estate) but wish to retain the value of that asset for your family. By using the tax savings generated from the gift of real estate to purchase an insurance policy, you may be able to replace the value of the gift for the benefit of your family. Click here for additional information on gifts of life insurance. For additional information, please contact Director of Development Myrna Morgan at 260-436-8786 or mmorgan@canterburyschool.org.
