LIFE INSURANCE

Giving through a Life Insurance Policy

You can also use life insurance to fulfill your charitable goals. You can either name the SSMO Foundation as a beneficiary of your life insurance policy or you can transfer ownership to the SSMO Foundation. The two gift scenarios offer different advantages:

1. Name the SSMO Foundation as beneficiary of your life insurance policy.

The benefits are:

• Easy to execute. Fill out a change of beneficiary form with your insurance company.
• Offers flexibility because you can change the beneficiary at any time.
• Can name the SSMO Foundation as primary beneficiary or a contingent
  beneficiary (in case your primary beneficiary dies).
• Make a wonderful, meaningful gift to the Sisters!

2. Transfer ownership of the life insurance policy to the SSMO Foundation.

The benefits are:

• Receive a current income tax deduction for making this gift (up to 50% of
  your adjusted gross income).
• Reduce potential estate taxes.
• Make a wonderful, meaningful gift to the Sisters!
• If premium payments still need to be made, you can make your payments
  directly to the SSMO Foundation and receive a tax deduction.

Melissa Maxwell
Development Director
503-906-1139