Many people have insurance policies that have outlived their original purpose.
For example, some people have old insurance policies to cover the cost of a child's education or to provide financial support to a spouse or child in case of a premature death. If these policies haven't been used, they can make wonderful gifts to the American Heart Association. You can also make a significant gift by taking out a new policy and naming the AHA as a beneficiary or as owner and beneficiary. Benefits of giving insurance Insurance makes a wonderful gift. It's extremely convenient and is a very flexible way to give.