Planned Giving

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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to Jewish Federation of Metropolitan Chicago. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Jewish Federation of Metropolitan Chicago. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Gift of Insurance
Insurance
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Benefits of gifts of life insurance

  • Receive a charitable income tax deduction
  • Receive additional income tax deductions each year that you make additional contributions so that Jewish Federation of Metropolitan Chicago can pay the annual insurance premiums
  • At death, the proceeds of your policy will be paid to the Jewish Federation and we will use the insurance proceeds to build Jewish Community locally and aboard

How to make a gift of life insurance

To make a gift of life insurance, please contact your life insurance provider, request beneficiary designation and change of ownership forms from the insurer and include Jewish Federation of Metropolitan Chicago as the beneficiary and owner of your policy.

Contact us

If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.

Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.

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