Donate Your Life Insurance to CNEWA
You’d be surprised by how many people no longer need their life insurance policies. The kids are all grown, the mortgage is paid off, yet every month they’re still paying the premiums. Maybe you’re one of those people.
If you don’t need your life insurance policy anymore, you can benefit by donating your policy to CNEWA.
The tax savings are substantial:
- You can receive a charitable tax deduction equal to your policy’s cash surrender value.
- You don’t need to keep paying your premiums.
- If you do keep paying your premiums, you can deduct the value from your taxes.
But the biggest benefit of donating your life insurance policy to CNEWA isn’t the tax savings. It’s the good that your gift will accomplish for the poor and the churches in the troubled lands of the East.
If the idea interests you, talk to your tax advisor and insurance broker. Meanwhile, if you have any questions for CNEWA, please feel free to ask Bob Pape at 1-800-442-6392 ext. 107 or firstname.lastname@example.org.