Life Insurance Policy

How It Works

1. You assign all the rights in your insurance policy to University of Chattanooga Foundation, designate us as irrevocable beneficiary, and then receive an income-tax deduction
2. University of Chattanooga Foundation may surrender the policy for its cash value or hold it and receive the proceeds at your death

Benefits

• You receive a federal income-tax deduction
• If premiums remain to be paid, you can receive income-tax deductions for contributions to University of Chattanooga Foundation to pay these premiums
• You can make a substantial gift on the installment plan
• University of Chattanooga Foundation receives a gift they can use now or hold for the future

The University of Chattanooga Foundation exists as a repository for gifts aimed at benefiting the University of Tennessee at Chattanooga.