July 2005
Did you know that gifts of life insurance can provide practically anyone, regardless of financial position, the opportunity to make a significant deferred gift to the Sigma Nu Educational Foundation and receive annual tax savings on that gift?

The Sigma Nu Educational Foundation, has entered into an agreement with BB&T Insurance Services, a leader in the insurance industry, to initiate a new program that will enable gifts of life insurance and help secure the future of the Legion of Honor. Why give life insurance? First, the affordability of life insurance means that practically anyone, regardless of their financial position, can make a significant deferred gift. Second, planned gifts can offer tax savings. If the Educational Foundation is named as both owner and beneficiary of a policy, then all premiums paid are tax-deductible, as allowed by law. Third, think of the personal satisfaction you will receive in knowing that your gift will help ensure that future generations will be given the opportunities and benefits of membership in the Legion of Honor.

Today many alumni are discovering creative ways of using life insurance to satisfy their charitable goals. A gift of life insurance is ideal because it can make possible a larger donation than you ever anticipated. Here are three strategies:

Make Sigma Nu the beneficiary of an existing policy. This way you still own the policy and control all of its options.
Donate an old policy you no longer need. Maybe you bought the coverage for a purpose that no longer exists or is no longer important. Generally by assigning ownership to Sigma Nu, you can receive favorable tax treatment.
Buy a new policy with Sigma Nuas the beneficiary and owner. This will enable you to receive a tax deduction on your premiums.

If you wish, BB&T Insurance Services will work with a top rated carrier to obtain the best possible life insurance policy for you. They will provide you with the benefits of competitive underwriting, minimum requirements for applicants, and a quick turn around period. As the 6th largest insurance agency, within the 10th largest bank in the nation, you can rely upon the financial strength, national reputation, and convenient services offered by BB&T Insurance Services.

Gifts of life insurance to the Sigma Nu Educational Foundation will also grant you membership in the Yates Legacy Society. For more information about becoming a "bridge builder" for Sigma Nu just like Society founder William P. "Bud" Yates (Pennsylvania) please click here.

For more information on life insurance policies or to initiate gifts of life insurance, please call 1-800-474-1471. Together we are making a difference!