Insurance Policies
Insurance policies enable you to make a significant, lasting gift to Augustana with a minimal outlay of current savings or income. Making the ß÷ßäÉçÇø the beneficiary or the beneficiary and owner of an insurance policy will provide you with different benefits.
By making the University the beneficiary of a policy, your estate will be issued a charitable gift receipt. The proceeds from life insurance policies may be directed to the Augustana project or fund you have personally selected. By taking out a new life insurance policy with the University designated as the beneficiary and owner, you will receive a charitable gift receipt for the policy premiums you pay each year.
Benefits to the donor of naming the University as an insurance policy beneficiary:
- Your estate is provided with a charitable gift receipt.
- You can designate how the policy proceeds are to be used by the University.
Benefits to the donor if the University is the beneficiary and owner of a new or existing policy:
- You are entitled to a charitable gift receipt for the cash value of the policy (if any) and for all premiums paid.
- You can designate how the policy proceeds are to be used by the University.
For more information, please contact the Augustana Development Office Team:
Phone: 780.679.1558
Toll-Free: 1.800.661.8714