Kappa Alpha Order - Educational Foundation

Let it go. An outright gift of a paid-up life insurance policy makes an excellent charitable gift. Either Kappa Alpha Order Educational Foundation will take a policy's cash value or we will retain the policy for its ultimate death benefit. You receive a current deduction amounting to the cost of replacing the policy with a single premium life insurance policy at your current age (but not more than you've invested in the policy).
Start anew. You can take out a new policy with us as owner and beneficiary. Your continuing premium payments, usually gifted directly to KAOEF, are income tax deductible.
Pay the premiums. You can also donate an existing policy and keep up the premiums. If you should lapse on the payments, KAOEF can either receive the current surrender value of the policy, buy a smaller, yet paid-up policy with the policy's cash value or possibly even continue the premium payments for the life of the insured. Group term life insurance or employer group coverage above $50,000 also make suitable gifts to charity.

Gifts of life insurance are usually deductible up to 50 percent of your adjusted gross income. If necessary, you may carry over the deduction for an additional five years. For more information, please contact Erik Showalter at 540-460-1401 or 540-463-1865 or eshowalter@ka-order.org.

Click the icon to request a FREE guide to giving life insurance.


Copyright © The Stelter Company, All rights reserved.

The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.

Planned Giving Home