Life Insurance Policy

 

Life Insurance Policy Diagram

 

How It Works

  1. You assign all the rights in your insurance policy to Taylor, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. Taylor may surrender the policy for its cash value or hold it and receive the proceeds at your death

 

Benefits

  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to Taylor to pay these premiums
  • You can make a substantial gift on the installment plan
  • Taylor receives a gift they can use now or hold for the future

 

Next Steps

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