Gift Planning

Life Insurance to Replace Gift—Wealth Replacement

Life Insurance to Replace Gift Diagram

How It Works

  1. You make a gift to UAlbany
  2. You give the tax savings from the charitable deduction to your children
  3. Your children purchase an insurance policy on your life with the tax savings
  4. Your children will receive the proceeds upon your death

Benefits

  • You can make a significant gift to UAlbany without diminishing the amount your family will receive
  • Your tax savings finance this life insurance policy

More Information

Contact Us

Lori A. Matt-Murphy
Associate Vice President, Planned Giving
Phone: (518) 437-5090 Toll Free: (888) 226-5600
lmatt-murphy@albany.edu

 

University at Albany
Office of Gift Planning
1400 Washington Avenue, UAB 226
Albany, NY 12222

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