Many people are using their life insurance to make a significant gift to worthy organizations such as ours. Individuals can do this by using policies they already have or policies they purchase for specific gift purposes. Here are some ways to consider helping the Sisters of
St. Francis through your insurance program:

Give a paid-up policy to the Sisters of St. Francis.
You will receive a tax deduction based on the current value of the policy.

Name the Sisters of St. Francis as owner and beneficiary of a continuing policy.
You will get an income tax deduction for the value of the policy when it is transferred, and future premium payments can be deducted as gifts. You can make a large gift in the future at small costs now. Upon death of the insured, the Sisters of St. Francis will receive the face value of the policy.

Name the Sisters of St. Francis as a remainder beneficiary.
This permits us to receive the proceeds after the deaths of the primary and secondary beneficiaries.

Together with your legal and financial advisors, decide the best way to get the most from your life insurance for yourself, your family, and your philanthropic goals.