Gifts of Life Insurance can enhance our efforts to further develop programs, which are so important to our home health care patients. Life Insurance creates an opportunity for an individual to target a large gift with limited cost. Many individuals have contributed these gifts in the name of loved ones. The face value of the policy will assure that your targeted amount is met.
Life Insurance offers a simple and private way for you to contribute toward the mission of Advantage Home Care, by naming Advantage Home Care as a beneficiary to your policy. In order to have available a charitable deduction, the ownership of the policy should be changed to Advantage Home Care. Annual contributions that can cover the cost of the policy may qualify as a charitable deduction.
Planned Giving can create opportunities for increased income and added tax savings. These benefits can be applied toward purchasing life insurance intended to help replace a gift for your heirs. With proper estate planning, the life insurance can be separated from your estate.
Please consult your attorney or other financial adviser to review the deductibility of any gifts or other planned giving ideas.
For more information, please contact:
Donald J. Gemmiti
Development Director
Advantage Home Care
1170 Berkshire Blvd.
Wyomissing, PA 19610
(610) 378-0481 ext. 3234
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