Life Insurance

Gifts of life insurance policies often allow donors to give much more than they might have been able to give in cash.

There are three primary ways to give a life insurance policy to the Foundation:

1. Transfer ownership of an existing policy to the Foundation.
2. Purchase of a new policy with the Foundation as an applicant, owner and irrevocable beneficiary. Under this scenario the donor gives cash to the Foundation, which in turn makes the premium payments to the insurance company. The donor pledges to make regular gifts to cover the premium payments which are tax deductible.
3. Designate the Foundation as a beneficiary of a policy. In this case, the donor retains ownership of the policy.

For additional information please e-mail foundation@eou.edu or call (541) 962-3740.