Sometimes the original purpose for a life insurance policy—such as providing for children now grown or ensuring financial security for a spouse—no longer applies. When that happens, your policy can become a simple yet powerful way to support University of the Cumberlands.

Here are three ways to make a meaningful gift through life insurance:

1. Name Us as a Beneficiary

   • Update your beneficiary designation form to list the University as the primary beneficiary for a percentage or specific amount.

   • Or name us as a contingent beneficiary, so we receive the policy’s balance only if your primary beneficiary does not survive you.

2. Give an Existing Policy

   • Transfer ownership of an existing policy to the University and name us as the beneficiary.

   • If you continue paying premiums, each payment is tax deductible when you itemize.

3. Take Out a New Policy

   • Purchase a new policy and irrevocably name the University as both owner and beneficiary.

   • Whether you pay a single premium or make annual payments, each one qualifies as a charitable deduction when you itemize.

With just a few simple steps, your life insurance policy can help transform lives for generations to come.