Here are the most common ways to make a gift of life insurance:

1. Give a paid-up policy - The policy has outlived its original purpose or has been replaced by a new policy.
2. Buy a new policy - This is a way to make a larger gift than you might otherwise be able to make by naming AOTF as a beneficiary. If you name AOTF as a owner and beneficiary, the premiums you pay can be deducted on your tax return.
3. Give a single premium policy - Purchase a single premium policy with AOTF as the owner and beneficiary, and the premium payment is tax deductible.
4. Add a beneficiary - Name AOTF as a secondary or final beneficiary which means AOTF becomes the beneficiary if your primary beneficiary(ies) predeceases you. In this situation, there are no income tax benefits but any proceeds AOTF receives from this policy are not subject to federal estate tax.

Gifts of life insurance are convenient, flexible, simple, and allow you to make a significant gift which might not otherwise be possible.

For more information about gifts of life insurance, please contact the AOTF Advancement Office by email or by phone at (301) 652-6611 x2550.

The examples cited in this home page are for illustrative and informational purposes only. Your personal situation may differ. Please consult your tax or legal advisor about your particular situation.

The American Occupational Therapy Foundation is a 501(c)(3), charitable, non-profit organization. Gifts to AOTF are tax-deductible to the extent allowed by law.