Ways to Give - Life Insurance
There are at least six ways to use life
insurance to benefit the University of Maine:
-
Name the University of Maine Foundation as
primary, secondary or final beneficiary of a policy you own;
-
Purchase a new policy for the benefit of the
University of Maine Foundation;
-
Give a paid up policy you already own by
changing the owner and beneficiary;
-
Give a policy on which you are still paying
premiums and deduct premium payments as charitable gifts;
-
Buy a policy benefiting your heirs to
replace money or property you have given to the University of
Maine Foundation; or
-
If it is more advantageous, purchase a life
insurance policy on the life of another person.
Upon the death of the insured, the University
of Maine Foundation will receive full policy benefits, which will
be endowed for the purposes you direct.
The University of Maine Foundation has
professional giving officers ready to work with you and your
advisors. We may be reached Monday-Friday between the hours of 8
am and 5 pm by calling 1-800-982-8503 or via email at
umainefoundation@maine.edu.
Back to Ways to Give
