Gifts of Life Insurance Policies
Labouré accepts gifts of life insurance as the beneficiary of your policy. We also may be named as the beneficiary (primary or contingent) on your retirement accounts. In addition to providing you with the tax advantages described below, beneficiary designations are a quick, hassle-free way to make a gift to Labouré.
Changing your beneficiaries is easy: you may simply contact your insurance carrier or employer/plan administrator and request a beneficiary form. As with bequests, you have the freedom and flexibility to change your mind and your beneficiaries at any time.
Designating Labouré as a beneficiary of an insurance policy
You can name Labouré as a primary beneficiary of your life insurance policy or as contingent beneficiary should your other beneficiaries not survive you. After your lifetime, the benefits from your policy would pass to Labouré free of federal estate tax. To establish this type of gift, you simply request a Change in Beneficiary Designation form from your insurance agent.
Gifts to Labouré are non-refundable.