Life Insurance

Many people own some form of life insurance but the original need for that financial protection may no longer exist. Name the NBSO as a beneficiary of your policy, and you can make a significant gift for little annual outlay. Or, the policy itself may be gifted to the NBSO, and you will receive a charitable deduction for the premiums that you continue to pay on the policy. A gift of a paid-up policy can result in a substantial current income tax deduction.

Please consider talking with a financial advisor, estate planning lawyer or other qualified advisor regarding a will, a living trust or whatever else may best suit your unique needs. Tax laws and gift options continue to change, and it is best that you understand all your options.