Office of Institutional Advancement

Gift of Life Insurance

Donate a policy, take a deduction, deduct future premium payments, if any, and make an extraordinary gift.

How it works

  1. You transfer ownership of a paid-up life insurance policy to Jefferson. 
  2. You receive a tax deduction based on the cash value of the policy at the time of transfer. If not paid up, you may be entitled to a tax deduction for the annual premiums paid to Jefferson. 
  3. Jefferson elects to cash in the policy now or hold the policy. 
Gift of Life Insurance

Benefits

  • Make a gift using an asset you and your family no longer need. 
  • Receive an income tax deduction. 
  • In some cases, you can use the cash value in your policy to fund a life-income gift, such as a charitable gift annuity. 

Questions? Contact the Planned Giving team:

Lisa W. Repko, JD
Senior Director, Planned Giving
P: 215-955-0437, Lisa.Repko@jefferson.edu

Kathy Sarlson
Associate Director, Planned Giving
P: 215-955-9259, Katherine.Sarlson@jefferson.edu