Life Insurance

The death benefit of a life insurance policy can be paid to SBL as a charitable gift. SBL can be named as the policy’s beneficiary, allowing the donor flexibility for withdrawals or modifications during the life of the policy, or policy ownership can be transferred to the Society at any time allowing for an immediate charitable deduction to you as the donor. Life insurance gift options include:

• Name the Society of Biblical Literature the sole or partial beneficiary of your insurance policy, which you continue to own and maintain.
• Transfer the current ownership of your fully paid-up policy.
• Transfer the current ownership of your policy to SBL, and make ongoing gifts that offset the premiums SBL will pay to maintain the policy. SBL may also choose to surrender the policy, and receive the cash value immediately.