LEGACY MATCH LIFE INSURANCE PROGRAM
You can use the leverage of life insurance to create a significant legacy gift and support our Jewish community forever.
The Foundation has a new Legacy Match Life Insurance Program providing 50% matching funds for a life insurance policy with payments for only FIVE years. These insurance premium payments are treated as a charitable gift to the Greater Miami Jewish Federation as the Federation is owner and beneficiary of the policy.
- Paid premiums are tax-deductible
- Easy to arrange and easy to administer
- Establishes endowment separate from family money, will or estate plan
If you have a whole or universal life insurance policy that has outlasted its original purpose, you may want to consider naming the Greater Miami Jewish Federation as a remainder beneficiary of all or part of your life insurance policy.
Benefits of gifts of life insurance
- Does not affect your current income or assets during your lifetime
- Easy to create and modify using the beneficiary designation form
- Establishes your legacy separate from family money, will or estate plan
How to make a gift of life insurance
Contact your life insurance provider, request a beneficiary designation form from the insurer and include the Greater Miami Jewish Federation as the beneficiary of your policy. The form can also be found online. Your legacy commitment is complete once you fill out the form, return it to the appropriate insurance provider or specific advisor, and provide a copy to The Foundation of the Greater Miami Jewish Federation.
You can also designate the Greater Miami Jewish Federation as a partial, full or contingent beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. Your estate may benefit from an estate tax charitable deduction.
If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.
Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.
Your deduction for the gift of life insurance will depend 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.