Planned Giving for Financial Advisors

Life Insurance — Beneficiary Designation

How It Works

• Your client designates Harper College Educational Foundation as a beneficiary of her life insurance policy.
• When the time comes, we receive the proceeds and use them for the purposes your client designates.

Benefits

• Your client will provide a large gift to benefit Harper College Educational Foundation for relatively little cost.
• Your client will not affect her cash flow.
• Your client will retain the flexibility to change her beneficiary designation later if her circumstances change.
• The policy proceeds distributed to Harper College Educational Foundation will be exempt from estate tax in your client‘s estate.

In This Section

• How it works / Benefits
• More detail
• Frequently asked questions