Life Insurance to Replace Gift—Wealth Replacement

Life Insurance to Replace Gift Diagram. Description of image is listed below.

How It Works

  1. You make a gift to Monmouth
  2. You give the tax savings from the charitable deduction to your children
  3. Your children purchase an insurance policy on your life with the tax savings
  4. Your children will receive the proceeds upon your death

Benefits

  • You can make a significant gift to Monmouth without diminishing the amount your family will receive
  • Your tax savings finance this life insurance policy

More Information

Contact Us

Gena Alcorn '88, CFRE
Assistant Vice President for Development and Legacy Giving
309-457-2427
galcorn@monmouthcollege.edu

 

Monmouth College
700 E. Broadway
Monmouth, IL 61462
Federal Tax ID Number: 37-0661228

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