ÃÛÌÒ´«Ã½

Life Insurance

Life insurance is a fairly simple way to support ÃÛÌÒ´«Ã½ now or in the future.

How It Works

Now: Name ÃÛÌÒ´«Ã½ as the owner and beneficiary of a fully paid up life insurance policy. Once the transfer of ownership to ÃÛÌÒ´«Ã½ is complete, ÃÛÌÒ´«Ã½ surrenders the policy for its cash value and you get a charitable income tax deduction equal to the policy’s cash surrender value or cost basis — whichever is less. You’ll be able to see the impact of your gift during your lifetime.

Later: Name ÃÛÌÒ´«Ã½ as a full, partial, or contingent beneficiary of a life insurance policy. This option offers flexibility: you can change the percentage should your circumstances change. The process is simple and can be handled through your plan’s administrator.

Next Steps

• Contact the administrator of your policy and request a beneficiary designation form. If you have a specific restriction you would like to place on your gift, please contact the Office of Gift Planning so we can help you settle upon the best wording.
• Already named ÃÛÌÒ´«Ã½ as the beneficiary of your life insurance policy? Complete our online estate commitment form to let us know and you will be recognized by the Shaw Society.
• If you are planning on transferring ownership, contact the Office of Gift Planning to discuss next steps and see if your policy is eligible for a gift to ÃÛÌÒ´«Ã½.

ÃÛÌÒ´«Ã½â€™s legal name, address and tax ID:

The ÃÛÌÒ´«Ã½
140 Commonwealth Avenue
Chestnut Hill, MA 02467
Tax ID 04-2103545