Gift-Replacement Life Insurance
(Complete gift description)

You're impressed by the benefits of a life-income gift: a donation that significantly helps Pomona College while also paying income back to you; and saves on income and capital gains taxes.

The problem? Taking an asset out of your portfolio to fund a life-income gift could jeopardize the financial benefit your children or heirs are counting on from your estate. A life-income gift will help you, but what will its effects be on them?

There is a solution. Use the income you will receive from your life-income gift which will, in many cases, surpass the yield on the assets you donated and tax savings from the charitable deduction, to pay the premiums on a gift-replacement life insurance policy benefiting your heirs. Set the death benefit of the policy at an amount equal to the value of the assets you contributed to Pomona College (or a larger sum reflecting how those assets would have grown in value).

At your death, Pomona College will receive the remaining balance in your life-income gift. Your heirs will receive the proceeds of the life insurance policy. The result? You've done what you thought you couldn't do – make a substantial gift to Pomona College and also fully provide for your heirs in your estate.

For more information

Email us, complete the personal illustration form, or call us at (909) 621-8143 or (800) 761-9899 so that we can assist you through every step of the process.

Pomona College
Trusts and Estates
550 North College Ave
Alexander Hall 235
Claremont, CA 91711
(909) 621-8143 or (800) 761-9899
Fax: (909) 621-8654
pomonaplan@pomona.edu