Gifts of Insurance
A gift of your life insurance policy is an excellent way to make a gift to Third Millennium Ministries. You can give Thirdmill the policy until maturity, give us the policy to sell for cash value, or name Third Millennium as a partial, full, or contingent beneficiary of your life insurance.
Benefits of gifts of life insurance
- Receive a charitable income tax deduction
- If Thirdmill retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
- If Thirdmill cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
- If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization to further our charitable work
How to make a gift of life insurance
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer, and include Thirdmill as the beneficiary of your policy.
Contact us
If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.
Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.
Beneficiary Designation
A beneficiary designation is the act of naming the person who will inherit an asset in the event of your passing. Examples include financial accounts, retirement accounts, life insurance policies, and trusts.
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