Life Insurance Policy

The gift of a life insurance policy is an excellent way to give a substantial gift with only a small sum of money. When the AAFP Foundation is named the owner of a life insurance policy, all contributions to the AAFP Foundation to pay premiums are fully tax deductible.

If a fully paid policy is donated to the AAFP Foundation, its value is equal to the policy's replacement cost. The value of a partially paid policy approximates its cash surrender value. The exact value in either cash or the death benefit can be obtained from the insurance company.

If you are interested in making a gift of life insurance, you will need to consult with your attorney, accountant or other qualified professional for advice on estate and tax planning.

Please contact Brenda Cherpitel at 800-274-2237, Ext. 4452 for more information regarding the AAFP Foundation Planned Giving opportunities.

Why I Made A
Legacy Gift

"Besides my family, the best thing that ever happened to me was to become a family physician. Support of the AAFP Foundation not only allows me to support my discipline, but also offers me options to plan for the future for myself and my family."

William H. Coleman, M.D., Ph.D.

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