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Life Insurance

Many individuals have life insurance policies whose benefits they no longer need. If this applies to you, you may want to consider naming WHOI the beneficiary and assigning WHOI as owner of the policy. You will receive a charitable deduction and you may also reduce your estate taxes.

Benefits:

  • You make a gift of an asset that you and your family no longer need
  • You receive an immediate income tax deduction for the gift’s value, plus possible estate-tax savings
  • You make a significant gift with little expenditure

For more information about planned giving and the Paul M. Fye Society, please contact Jim Flynn, Director of Major Gifts and Planned Giving at (508) 289-2018, or at jflynn@whoi.edu.