Did you know that you can give your life insurance policy to The Salvation Army Central Territory today and receive a charitable income tax deduction? You can then make deductible contributions to The Salvation Army Central Territory each year which we may use to pay the premiums. We benefit from the proceeds of your policy.
You can also designate The Salvation Army Central Territory as the beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. The policy will be included in your taxable estate when you pass away, but your estate will benefit from an estate tax charitable deduction for the value of the gift to us.
If you have any questions about making your gift of life insurance, please click here to send us an email with your questions or comments.