Life Insurance
A gift of life insurance is a great way to leverage your impact at Georgia allowing you to make a sizable gift for pennies on the dollar.
HOW TO MAKE A GIFT OF LIFE INSURANCE
- You can make a meaningful impact by naming the “University of Georgia Foundation” owner and beneficiary of a life insurance policy. If your policy is not fully paid up, you can make an annual gift to the University of Georgia Foundation to cover the annual premium payment. When the policy matures, the proceeds will be paid to the University of Georgia Foundation to be used in accordance with your designated intentions. Click here to view the Foundation’s policies with respect to acceptance of ownership of a life insurance policy.
- Rather than transferring ownership of a policy, you may also wish to consider simply designating the “University of Georgia Foundation” beneficiary of all or a percentage of an existing policy. To designate the Foundation beneficiary, please contact your life insurance provider to request a beneficiary form which will allow you to update your beneficiary information.
BENEFITS OF GIFTS OF LIFE INSURANCE
- May receive a charitable income tax deduction where ownership of policy transferred to University of Georgia Foundation
- If policy not fully paid up, you may also receive a deduction for annual premium payments if the Foundation owns the policy
- You can make a meaningful impact with modest premium payments
- Great way to leverage your gift and enhance your legacy impact beyond what you thought possible
Contact Us
Please contact us with any questions or to let us know if you have already designated the “University of Georgia Foundation” beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift while also ensuring that your gift is used in accordance with your wishes once received.
If you are considering transferring ownership of one of your life insurance policies to the Foundation, please contact us in advance so that we can coordinate with you and your professional advisors to ensure that the policy is one the Foundation is able to accept.
Our team is here to help
If you are interested in learning more about opportunities for supporting the university through a planned gift, reach out today or give us a call at 706-542-8140. We’re always happy to help answer any questions you may have.
Mike Cook
Senior Director, Gift & Estate Planning
mikecook@uga.edu
Patrick Knowles
Associate Director, Gift & Estate Planning
pknowles@uga.edu
Ryan Rasmussen
Assistant Director, Gift & Estate Planning
ryan.r@uga.edu
Zeb Brookshire
Trusts and Estates Coordinator
zbbrooks@uga.edu
Lauren Schlesinger
Marketing and Stewardship Coordinator
lkschlesinger@uga.edu
Carrie Bero
Administrative Associate
cbero@uga.edu
We are here for you
Contact Us Today
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This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.
