Gifting Life Insurance policy is an inexpensive way to make a significant charity contribution.

Contributing a new or existing life insurance policy to BAPS Charities is extremely simple. All you do is name BAPS Charities as the owner and the beneficiary, and transfer the policy.

The rewards to you are immediate. The full cash value of the existing policy is tax-deductible as a charitable gift. Additionally, any ongoing policy premiums that you pay through BAPS Charities are also tax-deductible.

The ultimate reward comes upon maturity of the policy. The proceeds of the policy will go towards the cause that you wish to support. The value of the policy will be much greater than the total premium payments that you made.

With a life insurance policy gift, the financial and emotional rewards are much greater.

Note: The material contained in this website is for informational purpose only and should not be construed as legal or tax advice. Individuals are urged to consult their professional advisors when considering any of the transactions mentioned herein.