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![]() Charitable Assets >> Gift of Life Insurance
Life insurance provides a simple way for you to give a significant gift to charity and establish your legacy, with tax benefits that you can enjoy during your lifetime. You can make a gift when life insurance is no longer needed for personal financial wealth replacement by either giving a paid-up policy or continuing to pay premiums. You may receive a number of tax benefits, including reduced estate and income taxes. And, if you choose to continue paying premiums through your Community Foundation, you will be entitled to a charitable contributions deduction of up to 50 percent of your adjusted gross income.
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