Life Insurance

Most people purchase a Life Insurance policy to provide for their children, protect their home mortgage, or secure retirement funds. As people age, they may find that they no longer need financial protection in these areas, and may use their policy as a planned gift to BRB.

There are several ways you can use your policy. For example, you can name BRB as the owner and beneficiary of your policy, as the sole beneficiary, as a co-beneficiary, or secondary beneficiary. Alternatively, you may assign annual dividends to BRB as a gift. You may deduct this amount on your income tax return. Specific tax benefits will depend upon on the method of giving you choose. 

Contact the Donor Ministry team to confidentially answer any questions you may have, with no obligation on your part.