There are several ways to give life insurance. A few of the most popular are:
- Purchase a life insurance policy and name the Texas State University-San Marcos Development Foundation as irrevocable owner and beneficiary. Make your annual, tax deductible premium payment to the Foundation and we will make your premium payments to the insurance company for you;
- Contribute an existing policy by changing the name and owner of the policy to the Texas State University-San Marcos Development Foundation. Again, make your annual, tax deductible premium payment to the University and we will make your premium payments to the insurance company for you;
- Give a paid up policy outright and deduct either its replacement value or the amount paid for the policy, whichever is less;
- Add the Texas State University-San Marcos Development Foundation to an existing policy as remainder or final beneficiary in case your primary or secondary beneficiaries don’t survive you;
- Assign annual dividends from the policy to the Texas State Development Foundation. The value of the dividends is deductible.