Life Insurance

Life insurance is a fairly simple way to support ÌÇÐÄvlogÖ±²¥Æ½Ì¨ now or in the future.

Retirement

How It Works

Now: Name ÌÇÐÄvlogÖ±²¥Æ½Ì¨ as the owner and beneficiary of a fully paid up life insurance policy. Once the transfer of ownership to ÌÇÐÄvlogÖ±²¥Æ½Ì¨ is complete, ÌÇÐÄvlogÖ±²¥Æ½Ì¨ surrenders the policy for its cash value and you get a charitable income tax deduction equal to the policy’s cash surrender value or cost basis — whichever is less. You’ll be able to see the impact of your gift during your lifetime.

Later: Name ÌÇÐÄvlogÖ±²¥Æ½Ì¨ as a full, partial, or contingent beneficiary of a life insurance policy. This option offers flexibility: you can change the percentage should your circumstances change. The process is simple and can be handled through your plan’s administrator.


Next Steps

  • Contact the administrator of your policy and request a beneficiary designation form. If you have a specific restriction you would like to place on your gift, please contact the Office of Gift Planning so we can help you settle upon the best wording.
  • Already named ÌÇÐÄvlogÖ±²¥Æ½Ì¨ as the beneficiary of your life insurance policy? Complete our online estate commitment form to let us know and you will be recognized by the Shaw Society.
  • If you are planning on transferring ownership, contact the Office of Gift Planning to discuss next steps and see if your policy is eligible for a gift to ÌÇÐÄvlogÖ±²¥Æ½Ì¨.

ÌÇÐÄvlogÖ±²¥Æ½Ì¨â€™s legal name, address and tax ID:

The ÌÇÐÄvlogÖ±²¥Æ½Ì¨
140 Commonwealth Avenue
Chestnut Hill, MA 02467
Tax ID 04-2103545

AT A GLANCE


WHO

  • Anyone with a life insurance policy

WHAT

  • Life insurance

WHEN

  • Now
  • After death

WHY

  • Reduce estate taxes
  • Receive a charitable deduction
  • Support ÌÇÐÄvlogÖ±²¥Æ½Ì¨ at a level you didn’t think was possible without depleting current income or assets
  • Leverage an underutilized or unneeded asset to support ÌÇÐÄvlogÖ±²¥Æ½Ì¨
  • Become a member of the Shaw Society

Contact Us

877-304-SHAW

Ìýgiftplanning@bc.edu

ÌýContact Form

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How Can We Help?Ìý


We're here to partner with you if you have any questions. Feel free to reach out to us directly or fill out the form.

Boston College Gift Planning Team