Gifts of Life Insurance - Paid-Up Policy

Lifetime Insurance Diagram

How It Works

  • You transfer ownership of a paid-up life insurance policy to University Hospitals.
  • UH cashes in the policy now or maintains it and receives the death benefit later.

Benefits

  • You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy.
  • In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
  • You gain the satisfaction of making a significant gift to UH without adversely affecting your cash flow.

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To find out more about how you can
make a difference at UH, contact us:

216-983-2200
UHGiving@UHhospitals.org

University Hospitals
11100 Euclid Avenue,
Mailstop MCCO-5062,
Cleveland, Ohio 44106.