A Significant Gift
With a Modest Investment
You may make a gift of life insurance to Michigan Tech with either an existing policy, a paid-up policy, or a new policy. By naming the Michigan Tech Fund as owner and beneficiary, you receive an immediate income tax deduction for an existing policy or deductions for continuing annual premiums on a new policy. You may also designate the Tech Fund as beneficiary (or successor beneficiary) of a single, term, or group life insurance policy, although there are no current income tax benefits.
When making a gift of life insurance, you may designate how the policy's eventual proceeds are to be used by Michigan Tech.
Contact the Office of Gift Planning for more information.
Benefits of Life Insurance Gifts
- Immediate charitable deduction can reduce the net cost of your gift
- Simple to make
- Gift eventually supports the Michigan Tech program of your choice