Life Insurance Transfer
What Is a "Planned Gift"?
Planned Gifts can come in many forms, but they all share a common characteristic in that DRBC's use of the gift is deferred in your lifetime. Please read and participate in the options provided for planned giving. Your gift can make a difference today and in the years to come.
You can make a more significant gift to DRBC than you ever thought possible, while maximizing the financial and tax benefits to you, your estate, and your family. A planned gift is one of the most effective ways to ensure that the DRBC can carry on its mission of saving animals’ lives far into the future.
Information discussed on these pages should be construed as legal advice. Please contact your attorney or financial advisor to help you decide what is best for your personal situation.
Gifts Through Life Insurance Plans
There are many ways you can benefit homeless animals with a life insurance policy. You can name DRBC as a beneficiary, you can donate an unneeded policy to the DRBC or you can use the cash value to fund a gift.
You can use your life insurance plan to fulfill your charitable goals and the needs of so many dachshunds Dachshund Rescue of Bucks County & NJ. By making a gift through life insurance to the DRBC, you may be able to make a larger gift than you thought possible, while retaining other assets for your needs or those of your family. There are three ways to use your insurance plan to benefit DRBC.
Name DRBC as the Beneficiary of Your Policy
Create a legacy for Dachshund Rescue of Bucks County & NJ by naming DRBC as a beneficiary or contingent beneficiary of your policy. Simply complete a Change of Beneficiary Form with your insurance company. Use the following information below when filling out the beneficiary designation form to name Dachshund Rescue of Bucks County & NJ as a beneficiary of a life insurance plan:
Dachshund Rescue of Bucks County & NJ
181 Gilbert Drive
Morrisville, PA 19067
Tax ID # 45-4380496
Donate Your Policy to DRBC
If you no longer need life insurance that was purchased years ago to provide for children or other family members, please consider donating the policy to Dachshund Rescue of Bucks County & NJ. You will receive the following benefits by naming the DRBC as the owner and beneficiary of a life insurance plan:
The pleasure of knowing that you have made a substantial gift to help the dogs and puppies at the Animal League. An income-tax charitable deduction in the year of the gift [ordinarily the policy replacement cost, if the policy is paid up, or the cash surrender value if the policy is not paid up].
Use Your Policy Proceeds to Fund a Life Income Gift
A third way to use your life insurance policy to make a gift to DRBC is to withdraw the cash value of your existing policy and use the proceeds to fund a gift annuity or other life income gift. Such a gift can provide you and/or other beneficiaries with income for life and an immediate income-tax deduction. Laws regulating gifts of insurance to charitable organizations vary from state to state and can affect the deductibility of such gifts for federal income-tax purposes. Please consult your legal or financial advisors regarding gifts of life insurance.
