Gift Of Life Insurance

You can name the KF as the beneficiary of an existing or new life insurance policy.

• Transfer Ownership: You may receive an income tax charitable deduction for the lesser of the premiums paid or the policy’s fair market value.
• Continue Paying Premiums: If you name the KF as the owner and beneficiary, subsequent premium payments may be tax-deductible.
• Name as Beneficiary Only: You retain control of the policy, but your estate may be eligible for an estate tax charitable deduction.