Maximize Your Philanthropic Goals

Planned Giving

Make a difference in people's lives and always be remembered for your contribution

Benefit yourself, your family and First United Methodist Church with your gift

Help First United Methodist Church fulfill its mission for many years and generations to come

Bequest of Insurance

Marla and Wayne purchased a life insurance policy many years ago to create security for their children's future. As the children grew up, married, found good jobs and accumulated significant assets, the insurance was no longer needed for its original purpose.

Marla: We volunteered regularly with our church, FUMC, and wanted to know if there was any benefit to giving our policy away to the church.

Wayne: I wasn't ready to part with the insurance quite yet. I wanted to preserve the option of giving it to our family if someone needed extra help down the road. We both wondered if there was a way we could commit now to help our church's work but make our gift at a later date when it was clear the policy wouldn't be used.

The FUMC gift planning minister told them that they could include a bequest of insurance today that would help achieve their personal and charitable goals. The bequest could be made by simply naming the church as beneficiary of their policy. With the beneficiary designation unchanged during life, the insurance proceeds would go to help the church's future work. In addition, their estate could benefit from an estate tax charitable deduction based on the value of the proceeds paid.

Marla: The insurance bequest made sense to us.

Wayne: I also liked the fact that our estate would benefit from tax savings, which would help to preserve other assets intended for our family. And best of all, we would be supporting the ongoing ministry of our church.

Is a bequest of a life insurance policy right for you?

Creating a bequest of life insurance is an easy gift to establish. You can easily leave a life insurance policy to the church if the policy is no longer needed for its intended purposes by completing a beneficiary designation form. tIf you have questions about bequests of life insurance policies, please contact us. We would be happy to answer any questions that you have.

*Please note: The names and image above are representative of a typical donor and may or may not be an actual donor to our church. Since your benefits may be different, you may want to click here to view a color example of your benefits.