Life Insurance

Kitty Scratch

Advocates 4 Animals accepts gifts of life insurance either as the beneficiary of a policy or as the sole owner and sole beneficiary. Either way, we can use these gifts to save the lives of homeless and neglected animals.

You can name Advocates 4 Animals as a primary life insurance beneficiary or as a contingent beneficiary should your other beneficiaries not survive you. After your lifetime, the benefits from your policy pass to Advocates 4 Animals, free of federal estate tax. To make this gift, simply contact your insurance carrier and request a beneficiary form. Here are some benefits to you:

  • Simple to give: Involves little effort or paperwork

  • Financial advantage: Continued ownership of your policy

  • Flexibility: You can change your mind and your beneficiaries at any time

  • Future tax savings: Removes the asset from your potential gross taxable estate

  • Legacy of kindness: Your gift will help Advocates 4 Animals continue its lifesaving work

Example: Years ago, Amanda bought a life insurance policy to protect her family. Her family no longer needed this protection, so she decided to name Advocates 4 Animals as the life insurance beneficiary. After Amanda's lifetime, the policy will benefit animals through Advocates 4 Animals.

Making an outright gift of a paid-up insurance policy: Another option is to donate your paid-up life insurance policy to Advocates 4 Animals. If the policy has a cash value, Advocates 4 Animals would have the option of either holding the policy until the maturity date or surrender the policy to receive the policy's current cash value. Here are some benefits to you:

  • Income tax savings: You’re entitled to a current income tax deduction

  • Future tax savings: Removes the asset from your potential gross taxable estate

  • Legacy of kindness: Your gift will help Advocates 4 Animals continue its lifesaving work

Example: James bought a life insurance policy years ago that he now wants to donate to Advocates 4 Animals. Since he gave the policy to our organization, James can claim an income tax charitable deduction. The total amount of the policy is removed from his estate, and we will use the gift to help homeless and neglected animals at Advocates 4 Animals.

 

Tax ID# 26-4515842

Bequest Language: "I give to Advocates 4 Animals Feline Rescue & Rehabilitation, Inc., an Ohio nonprofit organization with its principal offices at 2727 East Kearney Ln., Xenia, Oh 45385, (the sum of $ ___ ) (all or ___ percent of my residual estate) to be used for its general purposes."