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Life Insurance to Replace Gift—Wealth Replacement

Life Insurance to Replace Gift Diagram. Description of image is listed below.

How It Works

  1. You make a gift to LFA
  2. You give the tax savings from the charitable deduction to your children
  3. Your children purchase an insurance policy on your life with the tax savings
  4. Your children will receive the proceeds upon your death

Benefits

  • You can make a significant gift to LFA without diminishing the amount your family will receive
  • Your tax savings finance this life insurance policy

Contact Us

Beth Bentley
Director of Individual Philanthropy
bbentley@lfanet.org
(847) 615-3204

Lake Forest Academy
1500 West Kennedy Road
Lake Forest, IL 60045
Federal Tax ID Number: 36-2216167

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