5. Why GRANDgifts Are Funded with Life Insurance

Funding your gifts with life insurance provides you these benefits:

l Your cash for your gifts is guaranteed to be there, even if you pass away prematurely, before paying all premiums

l Your gifts are administered each year by an experienced staff, skilled in paying out small amounts over long periods

l Your premiums are income tax deductible, when the tax-exempt institution is named as the original owner and beneficiary on a new policy*

*NOTE: The purpose of this paragraph is to provide information on generally accepted tax procedures. Your attorney, accountant or tax advisor should be contacted with regard to your personal situation.

NOTE: GRANDgift premiums are generally low as the program is designed to be affordable by grandparents—many of whom live on small fixed incomes—who want to leave gifts to their grandchildren.  Premiums vary by age and gender of the insured, the amount of annual gifts and number of years they are to be paid to the nonprofit, and the premium-payment period chosen by the insured.

NOTE: GRANDgift is available in TX and other states.

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