Life Insurance to Replace Gift—Wealth Replacement

Life Insurance to Replace Gift Diagram. Description of image is listed below.

How It Works

  1. You make a gift to Corewell Health Foundation
  2. You give the tax savings from the charitable deduction to your children
  3. Your children purchase an insurance policy on your life with the tax savings
  4. Your children will receive the proceeds upon your death

Benefits

  • You can make a significant gift to Corewell Health Foundation without diminishing the amount your family will receive
  • Your tax savings finance this life insurance policy

More Information

Contact Us

Lawrence Ghannam, JD
Development Director
947.522.0112
Lawrence.Ghannam@corewellhealth.org

 

Corewell Health Foundation
26901 Beaumont Blvd., Floor 5D
Southfield, MI 48033
Federal Tax ID Number: 38-1459362

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