Life Insurance

 
   
 

Life insurance can be a very flexible tool in estate-based philanthropy. As with other giving vehicles, you can help the Occupational & Environmental Health Foundation while also receiving tax benefits for you and your heirs.

The OEHF as Beneficiary
Among the easiest ways to use your life insurance to make a gift to the OEHF is to name the Foundation as a beneficiary. If your policy is paid up and you name the OEHF as owner and beneficiary, you are eligible for a charitable deduction equal to your cost basis or the replacement value of the policy, whichever is less.

If your policy is not paid up, you can still name the OEHF as owner and beneficiary. This would entitle you to a deduction of the cash surrender value of the policy. After the policy has been gifted to the OEHF, you can make yearly tax-deductible contributions to the Foundation to cover any further premiums.

Wealth Replacement
You can also use life insurance to replace the value of other assets that you are donating to the OEHF. For example, purchasing a life insurance policy for the value of a gift of real estate donated to the OEHF can help ensure the financial well-being of your heirs without subjecting them to the hassle of selling the property.

How to contact the OEHF for further information on planned giving

If you would like to discuss your options or need more information, please contact:
 
OEHF
25 Northwest Point Boulevard
#700
Elk Grove Village, Illinois 60007-1030
847-818-1800 ext 383