How It Works

	You transfer ownership of a paid-up life insurance policy to Salisbury School.
	After the transfer, Salisbury elects to cash in the policy now or to keep the policy and receive the death benefit later.

Benefits

• You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy (technically, the “interpolated terminal reserve value” of the policy).
• In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
• You can have the satisfaction of making a significant gift now to Salisbury without adversely affecting your cash flow.

More

• Is this gift for you? Click here.
• Read more detail. Click here.

To learn more about gifts of life insurance, Email us, complete the Information Request form, or call us at (860) 435-5703 so that we can assist you.