Life Insurance to Replace Gift—Wealth Replacement
How It Works
- You make a gift to Colgate
- You give the tax savings from the charitable deduction to your children
- Your children purchase an insurance policy on your life with the tax savings
- Your children will receive the proceeds upon your death
Benefits
- You can make a significant gift to Colgate without diminishing the amount your family will receive
- Your tax savings finance this life insurance policy
More Information
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Andrew M. Coddington Kim Manner |
Teresa Mathews |
The discussion herein is general in nature and may not apply to all individuals. Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to Colgate. We would be pleased to discuss, in confidence, ways in which you may support Colgate. These measures may also have an impact on your estate planning.
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