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Gifts of Life Insurance

CLICK HERE FOR A DETAILED EXPLANATION

How It Works

You transfer ownership of a paid-up life insurance policy to the Art Institute of Chicago.

After the transfer, the Art Institute of Chicago elects to cash in the policy now or to keep the policy and receive the death benefit later.

Benefits

You receive gift credit and an income tax deduction for the lesser of the cash surrender value of the policy or the total of you premium payments.
In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
You have the satisfaction of making a significant gift now to the Art Institute of Chicago without adversely affecting your cash flow.

Is this gift for you? Click here.
Read more detail. Click here.

To learn more about gifts of life insurance, Email us, complete the Information Request Form, or call us at (312) 499-4110 so that we can assist you.

The Art Institute of Chicago
111 South Michigan Ave
Chicago, IL 60603
(312) 499-4110 | Fax: (312) 499-4104

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