You can name Christ Church Cathedral as a primary or contingent beneficiary of a life insurance policy. If you retain any control over the policy, no income tax deduction is allowed; however, if Christ Church Cathedral is named both the sole owner and beneficiary of a paid-up policy, you may receive an immediate charitable deduction for the lesser of the policy’s fair market value or the net premiums paid. Additional premiums that you pay may also be tax deductible.
As with all planned gifts, we encourage you to consult your attorney or financial advisor to discuss the best options for you.
Please consider letting the Cathedral know if you make a gift in one of these ways so we can update our records.