Life Insurance Policy

Life Insurance Policy Diagram

How It Works

  1. You assign all the rights in your insurance policy to Mount Sinai, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. Mount Sinai 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 Mount Sinai to pay these premiums
  • You can make a substantial gift on the installment plan
  • Mount Sinai receives a gift they can use now or hold for the future

More Information

Contact Us

Planned Giving
plannedgiving@mountsinai.org
212-659-8500
Federal Tax ID Number: 115177

 

One Gustave L. Levy Place
Box 1049
New York, NY 10029

Back

© Pentera, Inc. Planned giving content. All rights reserved.
Disclaimer