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Life Insurance

How it works:

  • You assign all the rights in your insurance policy to Mercy, designate us as irrevocable beneficiary, and then receive an income-tax deduction.
  • Mercy may surrender the policy for its cash value or hold it and receive the proceeds at your death.

Benefits:

  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to Mercy to pay these premiums
  • You can make a substantial gift on the installment plan
  • Mercy receives a gift they can use now or hold for the future