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A Large Gift at a Low Cost through Life Insurance

Life insurance needs change as life progresses. Children become self-sufficient, and investments may provide unexpected income and security. As a result, not all life insurance coverage may be needed for the reason it was initially purchased.

Also, because federal law now exempts many estates from taxation, life insurance purchased to cover estate taxes may be "obsolete."

One of the simplest ways to make a significant gift in the future is to name a charitable beneficiary to receive all or a portion of the proceeds of a policy no longer needed for its original purpose.

Another way to make a gift of insurance is to purchase a new policy, naming a favorite cause as beneficiary or co-beneficiary. You can ensure a gift which may ultimately be much larger than its cost.

Please call (405) 271-7400 or 1-800-522-0211 extension 7400, or e-mail the OMRF Development Department for details.