Providing money at a time when money is needed, life insurance serves a very important role for many families. However, as times change, so do our families and their needs. If time has diminished or alleviated your need for life insurance, two options may exist for you.
You may name the Surfrider Foundation as a beneficiary of all or a percentage of your existing life insurance policy. To name the Surfrider Foundation as a beneficiary of your existing life insurance policy, all you need to do is ask the life insurance company for a change of beneficiary form and simply add Surfrider Foundation as your primary or contingent beneficiary. This will eliminate any tax implications of the policy for your heirs.
You may donate an existing policy to the Surfrider Foundation. In this case, the value of your gift is determined to be the current net cash value of the policy at the time of the gift. To donate an existing policy you typically must request a change of ownership and beneficiary form from your insurance agent and then contact Surfrider Foundation’s Director of Development at 800-743-SURF x. 416 or firstname.lastname@example.org
We welcome the opportunity to show you the potential benefits of making a gift to support our work. Personal discussions, visits, or written presentations incur no obligation on your part, and of course, all information discussed is confidential. Contact us today. This website illustrates various ways of making a gift to the Surfrider Foundation. While we believe it to be accurate the information is not a substitute for legal advice from your tax advisor and/or your estate planning advisor.