As a teen, Seth needed some guidance to find his way.
JCFS Chicago counselors provided that help. He knows he wants to give back in a big way. That’s why he’s intrigued by the idea of purchasing a life insurance policy and giving it to JCFS Chicago. At his young age, the premiums for a significant policy amount are very low. JCFS Chicago owns the policy, so Seth sends a donation each month equal to the premium amount. His donation is tax deductible and his generous legacy gift to JCFS Chicago is ensured.
You can leave a legacy by making JCFS Chicago the beneficiary of a life insurance policy or an IRA.
- If the current beneficiary of your life insurance policy will not need the funds, consider naming JCFS Chicago as beneficiary and letting those dollars help those who are in need.
- For younger donors, buying a life insurance policy at an age when premiums are very low can be a very affordable way to make a significant gift.
- Naming JCFS Chicago as the beneficiary of an IRA is a win-win because you can leave a meaningful gift to those in need and your family avoids paying double taxes on the IRA dollars.
We welcome the opportunity to speak with you and your attorney or financial adviser about thes and other ways you can continue to support JCFS Chicago beyond your lifetime. For more information or to schedule a conversation, please contact Michelle Maer, Director of Individual Giving, or call 773.467.3913.