Life Insurance Policy
How It Works
- You assign all the rights in your insurance policy to Colgate, designate us as irrevocable beneficiary, and then receive an income-tax deduction
- Colgate may surrender the policy for its cash value or hold it and receive the proceeds at your death
Benefits
- You receive a federal income-tax deduction
- If premiums remain to be paid, you can receive income-tax deductions for contributions to Colgate to pay these premiums
- You can make a substantial gift on the installment plan
- Colgate receives a gift they can use now or hold for the future
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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