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Gifts of Life Insurance
(A Gift of Buried Treasure)
 


How it works
  1. You transfer ownership of a paid-up life insurance policy to the American Red Cross.
  2. The Red Cross 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 immediate income tax deduction for the cash surrender value of the policy.
  • In some cases, you can use the cash value in your policy to fund a life-income gift, such as deferred gift annuity.
  • You can have the satisfaction of making a significant gift now to the Red Cross without adversely affecting your cash flow.


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3747 Euclid Avenue   Cleveland, Ohio   44115-2596
216.431.3010
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