Lifetime Gift of Insurance

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How It Works

Life Insurance

  1. Ownership of a paid-up life insurance policy that your family or loved ones no longer need is transferred to Berkeley.
  2. We can cash out the policy or hold it and receive the death benefit later.

How You Benefit

Income Tax Deduction

  • Receive an income tax charitable deduction for the lesser of the replacement value or the adjusted cost basis of the policy. (Your insurance company can provide you with your adjusted cost basis.)
  • Make a significant gift to Berkeley without impacting your current cash flow.
For more in-depth information, please call one of our experts at 510-642-6300.