A significant gift with a modest investment
You can make a gift of life insurance to the Michigan Tech Fund with either an existing policy, a paid-up policy, or a new policy. By naming the Michigan Tech Fund as owner and beneficiary, you receive an immediate income tax deduction for an existing policy and/or deductions for continuing annual premiums on an existing or a new policy. You also can designate the Michigan Tech Fund as beneficiary (or successor beneficiary) of a single, term, or group life insurance policy, although there are no current income tax benefits.
When donating life insurance, you may designate how the eventual proceeds of the policy are to be used by Michigan Tech. Please contact our Office of Gift Planning to discuss how to structure your life insurance gift for maximum benefit and impact.
Contact the Office of Gift Planning for more information.
Benefits of life insurance gifts
- Potential income tax deductions
- Simple to make
- Future funding for the Michigan Tech program of your choice