Life Insurance no longer needed for your family’s protection can be used to provide a generous future gift to Hospice by naming The Community Hospice as future beneficiary. Alternatively, if you transfer ownership of the policy irrevocably to The Community Hospice, you are entitled to a charitable income tax deduction for the approximate cash surrender value. Subsequently, gifts to The Community Hospice sufficient to cover any premiums that may be due are fully tax deductible.
Through planned giving, you can ensure that the Community Hospice will always be here in the future to help your family and members of the community for generations, in the same way that those today have been helped because of the planned giving donations from others in the past.