Benefits

• Life insurance allows donors to leverage their resources while providing an extraordinary gift.

• You can donate your existing policy by making HAIF owner/beneficiary and receive an income tax deduction for the value of the policy.

Did You Know?

• If you prefer, you can maintain ownership of your policy but name HAIF as a beneficiary. This way you maintain the flexibility to change beneficiaries if your situation changes. 

• Fully paid-up policies are preferable to HAIF. HAIF may cash out gifts of policies not fully paid up unless the donor makes gifts to HAIF to cover future premium payments. 

• If you have a term policy (often provided as an employment benefit) consider naming HAIF as a beneficiary.