Gifts of Life Insurance

There are two basic ways life insurance can be used to help support the college, and each offers different benefits to you. You can make Carleton the beneficiary of a life insurance policy, or make Carleton the owner and beneficiary of a life insurance policy.

  • Make a gift using an asset that you and your family no longer need.
  • Reduce the size of your taxable estate.
  • Potentially 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.

Download more information of gifts of life insurance.