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Life Insurance
A donor may transfer ownership of a life insurance policy to Jewish Family Service (JFS) or make JFS the beneficiary of the insurance policy.

How
The donor completes a change of ownership/beneficiary form that can be supplied by your insurance company. JFS receives a lump sum payment upon the death of the insured.

Benefits

• Donor may have a superfluous policy and would like JFS to benefit
• Donors can make a larger philanthropic gift through life insurance that may be possible as an outright gift. Affordable premiums can produce a large death benefit.
• Donor received an income tax deduction for paid-up life insurance policies replacement value (the cost of obtaining and identical policy).

Best For

• Donors who may have taken out "extra" life insurance policies that will not be needed.
• Donors who wish to make a large philanthropic gift to benefit JFS but cannot afford to make an outright gift.

For more information about giving life insurance gifts, please contact The JFS Office.

BEQUEST
The children are covered. The grandchildren are covered. Your spouse is provided for. But what about the Family?

Including Jewish Family Service in a bequest contained in your will is an easy way to provide for our community's future, while achieving a significant tax advantage. You can direct that JFS receives either a fixed percentage of your estate or set dollar amount. You can also leave an automobile or paid-up life insurance policy.

Substantial tax savings are achieved when your estate is settled because the amount of your gift is deducted in its entirety from the estate's taxable value.

Establishing a bequest to benefit JFS allows you to make a significant gift to the community while retaining lifetime control over your assets.

If you don't already have a will, please consult your attorney. For more information on creating a memorial for future generations, please call The JFS Office.