Life Insurance
Giving through a Life Insurance Policy

You can also use life insurance to fulfill your charitable goals. You can either name Coeur d'Alene Homes as a beneficiary of your life insurance policy or you can transfer ownership to Coeur d'Alene Homes. The two gift scenarios offer different advantages:
1. Name Coeur d'Alene Homes as beneficiary of your life insurance policy.

The benefits are:
• Easy to execute. Fill out a change of beneficiary form with your insurance company.
• Offers flexibility because you can change the beneficiary at any time.
• Can name Coeur d'Alene Homes as primary beneficiary or a contingent
beneficiary (in case your primary beneficiary dies).
• Make a wonderful, meaningful gift to the residents of Coeur d'Alene Homes!
2. Transfer ownership of the life insurance policy to Coeur d'Alene Homes.

The benefits are:
• Receive a current income tax deduction for making this gift (up to 50% of your adjusted gross income).
• Reduce potential estate taxes.
• Make a wonderful, meaningful gift to the residents of Coeur d'Alene Homes!
• If premium payments still need to be made, you can make your payments
directly to the Coeur d'Alene Homes and receive a tax deduction.