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Planned giving

Welcome! We are pleased that you have interest in learning about the many benefits of gift plans. If you have any questions about the best way for you to benefit through a planned gift, please call. A member of our Planned Giving Team will be very pleased to help you.

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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to United Way of Greater Cleveland. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to United Way of Greater Cleveland. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Benefits of gifts of life insurance

  • Receive a charitable income tax deduction
  • If United Way of Greater Cleveland retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
  • If United Way of Greater Cleveland cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
  • If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work

How to make a gift of life insurance

United Way Life allows you to easily and affordably leave a legacy to benefit our future community. United Way Life is a customized program that uses life insurance to create a planned gift. A policy is gifted to United Way and is created through 5 annual payments to United Way for annual premiums. The policy is fully paid once the payments are completed. Working through a national partnership, United Way Life identifies highly rated best-in-class insurance carriers and constantly searches the market for the greatest value for your charitable dollars.

Contact us

If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.

Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.

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