Gifts of Insurance
If you have a life insurance policy that is no longer needed or will no longer benefit your survivors, consider making a gift to help Boise Rescue Mission.
Benefits of gifts of life insurance
- Receive a charitable income tax deduction
- If Boise Rescue Mission retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
- If Boise Rescue Mission cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
- If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to restore faith, hope and family.
How to make a gift of life insurance
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include Boise Rescue Mission as the beneficiary of your policy.
If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.
Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you.
You can also designate Boise Rescue Mission as a partial, full or contingent beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. Your estate may benefit from an estate tax charitable deduction.
Your deduction for the gift of life insurance will depend on whether the policy has increased in value above the premiums and whether the policy is paid up or there are remaining payments to be made.