Gifts of Life Insurance

CLICK HERE FOR A DETAILED EXPLANATION

How It Works

  You transfer ownership of a paid-up life insurance policy to GBMC Foundation.

  After the transfer, GBMC elects to cash in the policy now or to keep the policy and receive the death benefit later.

Benefits

• You receive gift credit and an income tax deduction for the lesser of the cash surrender value of the policy or the total of you premium payments.
• In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
• You have the satisfaction of making a significant gift now to GBMC without adversely affecting your cash flow.

More

• Is this gift for you? Click here.
• Read more detail. Click here.

To learn more about gifts of life insurance, Email us, complete the Information Request Form, or call us at 443-849-3303 so that we can assist you.

GBMC Foundation
6701 North Charles Street
Baltimore,MD 21204
443-849-3303 | Fax: 443-849-3739
E-Mail: JJeppi@GBMC.org