Life Insurance

Life Insurance 

A charitable life insurance gift is one of the easiest ways to make a significant donation to Luther College, and enjoy tax benefits during your lifetime or on your estate.

Benefits

  • Enjoy tax benefits – Depending on how you donate your life insurance, you will enjoy tax benefits during your lifetime or on your estate. 
  • Enjoy your donation now – You can become a major donor to Luther College today, rather than having to wait years to make your gift from accumulated assets. 
  • Make a lasting impact – Donating life insurance allows you to make a significant charitable donation for a comparatively small premium. This donation will have a lasting impact on our students and the Luther community.

How it works

There are several ways to give a gift of life insurance: 

  1. Transfer an existing life insurance policy to Luther and receive a charitable gift receipt. 
  2. Apply for a new life insurance policy, with Luther as the owner, and receive a tax receipt for the premiums you pay.
  3. Make Luther the beneficiary of a life insurance policy. This option gives you no immediate tax benefits since Luther does not own the policy, but your estate will receive a charitable tax receipt for the death benefits.

For further information, please contact:

Maureen Harrison 
Chief Development Office 
Phone: 306-791-9175
Email at maureen.harrison@luthercollege.edu.

Charitable Registration Number: 10765 0061 RR0001