Planned Giving

Life Insurance Policy

Life Insurance Policy Diagram

How It Works

  1. You assign all the rights in your insurance policy to Stevens, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. Stevens may surrender the policy for its cash value or hold it and receive the proceeds at your death

Benefits

  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to Stevens to pay these premiums
  • You can make a substantial gift on the installment plan
  • Stevens receives a gift they can use now or hold for the future

More Information

Contact Us

Michael Governor
Director of Planned Giving
Email: michael.governor@stevens.edu
Office: 201-216-8967
Mobile: 201-388-8802

 

Stevens Institute of Technology
1 Castle Point Terrace
Hoboken, NJ 07030

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