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 a deferred gift annuity.
• You can have the satisfaction of making a significant gift now to the Red Cross without adversely affecting your cash flow.

For more information
Email us at grossa@arcla.org or call Amy Gross, PhD, Gift Planning Officer,  at (310) 441-2685 so that she can assist you through every step of the process.