Life insurance policies are an easy and straightforward method of charitable giving. The EyeCare Project welcomes gifts of life insurance when the policy is paid in full and the Project is named as the owner and the irrevocable beneficiary of the policy.
The Project is also pleased to accept gifts of life insurance policies that are not paid in full at the time of the gift.
- If the policy can be surrendered by the Project as of the date of the gift for its current value.
- If the policy can be converted by the Project as of the date of the gift to a reduced face amount.
- If the policy has sufficient value as of the date of the gift to keep it in effect without payment of any additional premiums.
We will also accept benefits payable under a life insurance policy where the Project is a named beneficiary or a contingent beneficiary under the policy, whether the policy is owned by the Project or not.
