Life Insurance

Life Insurance

Life Insurance

Life insurance constitutes a very special gift to

the National Federation of the Blind. A relatively easy and direct form of planned giving

is a new life insurance policy. You can make the NFB the beneficiary and owner of a life

insurance policy and receive a tax deduction on the premium you pay.

For example, at age fifty you purchase a $10,000

whole life insurance policy on yourself and designate the NFB as beneficiary and owner of

the policy. The premium cost to you is fully tax-deductible each year. You may even decide

to pay for the entire policy over a specific period of time, perhaps ten years. This

increases your tax deduction each year over the ten-year period and fully pays up your

policy.

You may, however, already have a life insurance

policy in existence and wish to contribute it to the NFB. By changing the beneficiary and

owner to the National Federation of the Blind, you can receive tax savings, depending on

the cash value of the policy. Your attorney, insurance agent, or the National Federation

of the Blind will be able to assist you if you decide to include the NFB in your

planned-giving program through life insurance. For more information contact the National

Federation of the Blind, Special Gifts, 1800 Johnson Street, Baltimore, Maryland

21230-4998, phone (410) 659-9314, fax (410) 685-5653.