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WHOI is proud to hold Charity Navigator's Highest Rating WHOI is proud to hold Charity Navigator's highest rating for the seventh year

Life Insurance

Many individuals have life insurance policies whose benefits they no longer need. If this applies to you, you may want to consider naming WHOI the beneficiary and assigning WHOI as owner of the policy. By doing this, you will receive a charitable deduction; and in removing the life insurance policy from your estate, you may also reduce your estate taxes.

Benefits:

  • Make a gift of an asset that you and your family no longer need
  • Immediate income tax deduction for gift’s value, plus possible estate tax savings
  • Provides a way to make a significant gift with little expenditure

If you are interested in learning more about gifts of life insurance, please contact us at (508) 289-4895.