Senior Couple walking

Gifts of Life Insurance

Make Mercy Foundation North a Beneficiary of your Life Insurance

Making a gift of life insurance allows you to transfer ownership of a paid-up life insurance policy to Mercy Foundation North. Mercy Foundation North elects to cash in the policy now or hold it.

How You Benefit from a Gift of Life Insurance

  • Make a gift using an asset that you and your family may no longer need.
  • Receive an income tax deduction equal to the cash surrender value of the policy.
  • You may be able to use the cash value of your policy to fund a gift that delivers income, such as a planned gift annuity.