Life Insurance to Replace Gift—Wealth Replacement

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How It Works

  1. You make a gift to Allegheny
  2. You give the tax savings from the charitable deduction to your children
  3. Your children purchase an insurance policy on your life with the tax savings
  4. Your children will receive the proceeds upon your death

Benefits

  • You can make a significant gift to Allegheny without diminishing the amount your family will receive
  • Your tax savings finance this life insurance policy

More Information

Contact Us

Melissa Mencotti
Director of Gift Planning
814-332-6519
giftplan@allegheny.edu

 

Allegheny College
520 North Main Street
Meadville, PA 16335

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