Life Insurance
> Name EFSC as the beneficiary
Benefits
Life insurance allows donors to leverage their resources while
providing an extraordinary gift for future Titans.
You can donate your existing policy by making EFSC owner/
beneficiary and receive an income tax deduction for the value of
the policy.
Did You Know?
If you prefer, you can maintain ownership of your policy but name
EFSC as a beneficiary. This way you maintain the flexibility to change
beneficiaries if your situation changes.
Fully paid-up policies are preferable to EFSC. The college may cash
out gifts of policies not fully paid up unless the donor makes gifts to
EFSC to cover future premium payments.
If you have a term policy (often provided as an employment
benefit) consider naming EFSC as a beneficiary.
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