Life insurance

Life insurance may be a valuable and convenient way to give to WINGS Program, Inc. if the original purpose of the life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a meaningful way to support our work.

Giving life insurance offers many benefits:

  • In most cases, the gift is tax deductible.
  • It is easy to assign a charity as a beneficiary.
  • It is a confidential and timely gift since life insurance is not a matter of public record. Proceeds are paid to the beneficiary in cash quickly after death and are usually not touched by the probate process.

3 ways to give life insurance to WINGS Program, Inc.

Name us as a beneficiary of the policy.

This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary does not survive you. Your estate may benefit from an estate tax charitable deduction depending on whether the policy has increased in value above the premiums and whether the policy is paid up or there are remaining payments to be made.

Make an outright gift of an existing policy.

You can name us as owner and beneficiary of an existing policy. You qualify for a federal income tax charitable deduction when you itemize your taxes. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift if you itemize.

Make an outright gift of a new policy.

You can take out a new policy and irrevocably name WINGS Program, Inc. as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for a younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift when you itemize your taxes.

Contact your life insurance provider to request a beneficiary designation form and list WINGS Program, Inc. as the beneficiary of your policy

Let us know about your gift. We would love to talk to you about your intentions to ensure that they are followed and to thank you for your generosity.

Contact Us

Fill out this form or contact Shelley Welch, Director of Annual Fund and Charitable Giving at swelch@wingsprogram.com or (847) 519-7820 x222

Disclaimer: WINGS Program, Inc., does not provide legal, tax, or financial advice. This material is prepared and made available to you for informational purposes only. You should consult professional advisors concerning legal, tax, or financial consequences of your charitable activities.

By including WINGS Program, Inc. in your legacy, you ensure lasting support for domestic violence survivors and become part of a community dedicated to long-term impact and change.
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