Planned Giving: Life Insurance

Donate a policy, take a deduction, deduct future premium payments (if any) and make an extraordinary gift!

How it works: You transfer ownership of a paid-up life insurance policy to United Way of Okaloosa and Walton Counties. UWOWC then elects to cash in the policy now or hold on to the policy.

How to make the gift: Simply contact your life insurance company and request a Change of Beneficiary/Ownership form. Designate United Way of Okaloosa and Walton Counties as the new owner and beneficiary of your policy.

Benefits to you:

  • It’s convenient. Make a gift using an asset that you and your family no longer need.
  • It’s deductible. Receive an income tax deduction and/or deduct future premium payments

Other Planned Giving Options:

PLEASE NOTE: Planned gifts like those mentioned here are legal documents. Please consult with a qualified third party (for example, a lawyer or CPA) about planning and implementing these gifts.

Please contact us with any questions.