Life Insurance Policy Diagram. Description of image is listed below.

How It Works

  1. You assign all the rights in your insurance policy to Allegheny, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. Allegheny may surrender the policy for its cash value or hold it and receive the proceeds at your death

Benefits

  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to Allegheny to pay these premiums
  • You can make a substantial gift on the installment plan
  • Allegheny receives a gift they can use now or hold for the future

Contact Us

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

Andrew Youtz
Sr. Director Principal Gifts &
Campaign Management
ayoutz@allegheny.edu
330-206-6834

Allegheny College
520 North Main Street, Box 21
Meadville, PA 16335

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