Gifts of Life Insurance

This diagram represents how to make a gift of life insurance – a gift that costs nothing during lifetime.

How It Works

  • You transfer ownership of a paid-up life insurance policy to Elim Park Baptist Home, Inc..
  • Elim Park elects to cash in the policy now or hold it.
  • Consider naming Elim Park in your long-term plans. It's simple.

Benefits

  • Make a gift using an asset that you and your family no longer need.
  • Receive an income tax deduction equal to the cash surrender value of the policy.