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Life Insurance Policies

   

Life insurance can be the medium for giving funds to the College. With it, the donor can make a substantial gift for a relatively modest annual outlay. For instance, a donor may irrevocably assign to the College an existing life insurance policy that is no longer needed for family protection, making the College both the policy owner and the beneficiary. If the donor does not choose to continue paying the premiums, the Gift Acceptance Committee may elect to:

  • Continue paying the premiums and receive the full face value of the policy at the donor’s death;
  • Convert the policy to paid-up insurance in a reduced amount with no further payments; or
  • Surrender the policy for its present cash value.

          

For more information, please contact Robert Brown, Senior Advisor for College Development & Principal Gifts, at 717-796-1800, ext. 2260.

 



 




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