Many people find that in their later years, when children have grown and their educational cost are completed; they no longer need all the insurance they did when they were younger.  The most common, simple and straightforward gift of life insurance is the outright gift of unneeded policies, policy.  HCF becomes the owner and beneficiary of these gifted policies.  At death, HCF receives the death proceeds for deposit into your named Fund. You receive an immediate income tax deduction equal to the replacement value or your cost, whichever is less.

Each year you contribute an amount which HCF will use to pay the premium.  That amount is fully deductible as charitable contribution.  At their death, the proceeds of the policy pass to your named fund at HCF free of estate taxes.