DID YOU KNOW... New Policy for Future Charitable Gifts Many of our friends and regular donors who would like to make a significant future gift to us at a relatively low cost can do so through a new life insurance policy. With increasing longevity, older persons can now purchase insurance at more affordable premium costs than were possible in the past. Retired individuals enjoying a surprisingly high standard of living can use some annual discretionary income to perpetuate their support of our work, without depleting their financial reserves or reducing the projected inheritances of family members. In most states, you can enter into a new insurance contract with a qualified charitable organization like ours as both the beneficiary and owner of the policy. Gifts to us to cover premiums are deductible for those who itemize and can be in the form of capital gain property for a second tax savings. Greater leverage is possible when two donors, usually wife and husband, purchase a two-life, second-to-die policy. With two lifetimes before payment of benefits, a desired future gift to us can be obtained for substantially fewer premium dollars. These policies are available even if one spouse is not insurable and are generally more economical than a policy only on the insurable spouse. A type of insurance sometimes used by charitable donors is a policy for which a specific number of years of premium payments is projected--but not guaranteed--after which the premium obligation "vanishes." It should be kept in mind that the premium requirement may continue for a longer period, or even vanish and then reappear, if the policy cannot generate the assumed internal return required to keep the policy in force. Covering premium costs with annual gifts to us for an extra year or two will increase values and lessen the possibility of renewed premium payments or a reduced paid-up amount of benefits. Policies that are not so interest-sensitive should be considered as an alternative.