Many people purchase life insurance when they are establishing their families, but eventually find that those policies are no longer needed in their later years. You can donate the death benefits of any type of life insurance policy simply by naming The Arc of Montgomery County as your beneficiary.
If you own a paid-up life insurance policy, you can name The Arc as the beneficiary and the owner, yielding an immediate tax deduction. In some cases, partially paid-up policies can be gifted.
For more information or to confidentially discuss a potential gift of life insurance, please contact Doug Gaddis, 301.984.5777 x1244.
