Some of our supporters no longer need their life insurance that was purchased years ago to provide for children or other family members. If that is your situation, please consider donating the policy to Mid-Coast Family Services. You may claim a charitable deduction for approximately the policy’s cash surrender value, and the proceeds are completely removed from your estate.
We make no claims regarding the accuracy of the above information or the tax consequences stemming from your use of it. Please consult with your own tax, legal, or financial planning advisor.