Planned Giving » Life Insurance

Donors may use Life Insurance funds to establish a scholarship for students, for the development of buildings or other requests the donor may make to reward students of The Providence School.

Two forms of life insurance are typically donated: paid-up "whole life" and "universal life." A whole life policy usually has cash value that may be used for the immediate needs of The Providence School. Universal life policies can usually be structured so that premiums will not need to be paid after a period of years.

If you desire to donate your “whole” or “universal life” insurance policy to The Providence School, you should name The Providence School as both owner and beneficiary.

Please consult a licensed professional on the implications of gifting life insurance in your estate. The information provided above is for informational purposes only and is not intended to be legal advice.

 

 

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