When you first obtain your life insurance policies, you obviously felt a need for them. Perhaps you do not need all that coverage today, yet you still have those policies.

If you are thinking about a contribution to the ACF Trust Fund, a gift of your life insurance could be sensible, as well as generous, course of action. If you make us owner of the policy, you will normally receive an income tax deduction for this policy’s fair market value or cost basis, if lower, on the date of the gift.

If you name us the beneficiary of the policy (and retain ownership), you will receive an estate tax deduction for the insurance proceeds.

You can also use life insurance to replace the value of a different gift. For example, you could donate stock to us because of the tax advantages and purchase life insurance to benefit your heirs in the amount they would have received had you left them the stock.


  • Name the ACF Trust Fund as owner
    Receive a charitable deduction when you name us a beneficiary and assign us ownership
    Reduce your estate taxes because proceeds are removed from your estate

  • Name the ACF Trust Fund as beneficiary
    Obtain flexibility by naming us as beneficiary but keeping ownership
    Name us as contingent beneficiary and secure your family’s
    needs first