Life Insurance
Donate a Life Insurance Policy You No Longer Need
When the original purpose for a life insurance policy no longer applies, you can donate your policy to the American Heart Association to help fight heart disease and stroke.
Benefits
- When you transfer ownership of a life insurance policy, you can receive an immediate income tax deduction for the cash value of the policy.
- Donating life insurance allows you to make a significant lifesaving gift today without adversely affecting your cash flow.
Ways to Make Your Gift
Name Us as a Beneficiary
Designating the American Heart Association as a beneficiary of your life insurance policy is one of the easiest ways to support our mission and costs you nothing today. Simply update your beneficiary designation form for the account(s) you select and name the American Heart Association as the primary beneficiary for a percentage or specific amount.
You can name the AHA as a beneficiary using our free online tool powered by FreeWill.
Transfer Ownership
Simply transfer ownership of a fully paid-up life insurance policy to the American Heart Association. The Association will then elect to cash in the policy immediately or hold the policy and receive the life benefits later.
For More Information
If you are interested in learning more about using your life insurance policy to help advance our mission, please contact us at 888-227-5242 or [email protected].