You assign all the rights in your insurance policy to Cortland College Foundation, designate us as irrevocable beneficiary, and then receive an income-tax deduction
Cortland College Foundation 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 Cortland College Foundation to pay these premiums
You can make a substantial gift on the installment plan
Cortland College Foundation receives a gift they can use now or hold for the future
