General Information

Gifts of Life Insurance

CLICK HERE FOR A DETAILED EXPLANATION

How It Works

  You transfer ownership of a paid-up life insurance policy to Prairie State College Foundation.

  After the transfer, Prairie State College Foundation elects to cash in the policy now or to keep the policy and receive the death benefit later.

Benefits

• You receive gift credit and an income tax deduction for the lesser of the cash surrender value of the policy or the total of you premium payments.
• In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
• You have the satisfaction of making a significant gift now to Prairie State College Foundation without adversely affecting your cash flow.

More

• Is this gift for you? Click here.
• Read more detail. Click here.

To learn more about gifts of life insurance, Email us, complete the Information Request Form, or call us at 708-709-3944 so that we can assist you.

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