Many donors find that their life insurance is no longer needed for its original purpose. Giving the policy to the American Red Cross Bay Area is a convenient way to ensure your community is prepared for the next disaster.
How to Donate Life Insurance Policies
There are several different ways to make a life insurance gift, some of which may entitle you to an immediate charitable income tax deduction:
- Name the American Red Cross Bay Area as a beneficiary
- Give a current, paid-to-date policy by naming us as both the owner and beneficiary
- Give a policy on which you continue to pay the premiums
Before making a gift of life insurance to the American Red Cross Bay Area, we recommend that you consult your tax advisor or attorney for full advice on the effect of your gift.
To find out if a gift of life insurance makes sense for you, please contact Gary Ogburn at firstname.lastname@example.org, (415) 427-8171, or Bill Ruettinger at email@example.com, (415) 427-8989.