You can name The Society as a beneficiary of an individual or group life insurance policy. This gift provides a way to make a significant gift with little expenditure. The policy proceeds will not be subject to estate taxes. Retirement plans often are considered the smartest assets to leave to charity. Retirement plan assets are subject to both estate and income tax when received by heirs.
Heirs often receive only a fraction of the original value after both taxes are levied.
If you have already named The Society as a beneficiary in your life insurance policy or retirement plan, click here .