Life Insurance Policy

Life Insurance Policy Diagram. Description of image is listed below.

How It Works

  1. You assign all the rights in your insurance policy to the Family Services Foundation, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. The Family Services Foundation 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 the Family Services Foundation to pay these premiums
  • You can make a substantial gift on the installment plan
  • The Family Services Foundation receives a gift they can use now or hold for the future

More Information

Contact Us

Michelle Speas, CFRE
(336) 778-7053
mspeas@familyservicesforsyth.org
Tax ID #87-2798936

 

Family Services
1200 South Broad Street
Winston-Salem, NC 27101

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