Giving a life insurance policy you no longer need, or funding a new policy to support Mercyhurst College, is an excellent way to make a substantial gift.
Ways to Give Life Insurance
- Designate Mercyhurst University as a beneficiary of your life insurance policy; or
- Give the University a fully paid life insurance policy that you no longer need; or
- Turn in a policy for its current cash value and use the cash to make a gift to Mercyhurst University. Such a gift could be made outright or could be used to set up a life income gift for you or another beneficiary.
Please notify the University of your life insurance gift so we can acknowledge your generosity as part of the Mercyhurst O'Neil Society.
Mercyhurst University does not provide legal, tax or financial advice. We strongly recommend that you consult professional advisors on all legal, tax or financial matters, including gift planning considerations. To ensure compliance with certain IRS requirements, we disclose to you that this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding tax-related penalties.