A gift of life insurance can provide a significant future gift to West Lincoln Memorial Hospital Foundation Inc. at a very modest, present cost to you. You may make such a gift with either an existing policy or a new one.
You may give the death benefit of an existing policy simply by naming West Lincoln Memorial Hospital Foundation Inc. as the beneficiary. However, to receive a current tax benefit, you must also transfer ownership of the policy to the Foundation, which entitles you to a donation receipt for the cash value of the policy.