- LIFE INSURANCE
- A gift of a new or existing life insurance policy to the LDA can provide:
- a way to make a significant gift at a relatively low cost
- income tax benefits if the Lutheran Deaconess Association is both owner and beneficiary of the policy
- flexibility and continued security for family members if the LDA is named a contingent beneficiary or one of several beneficiaries, when you keep ownership of the policy
- a reduction in estate taxes
How It Works
You transfer ownership and beneficiary designation of the policy to the Lutheran Deaconess Association. You can continue to pay premiums (if any) to the LDA or simply make the LDA a beneficiary or contingent beneficiary of an existing policy.
