When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a powerful and simple way to support the Tsoknyi Nuns. There are several ways to give a gift of life insurance:
- Transfer an existing life insurance policy to THF and receive a charitable gift receipt.
- Apply for a new life insurance policy, with THF as the owner, and receive a tax receipt for the premiums you pay.
- Designate THF as the primary beneficiary of an existing life insurance policy for a percentage or specific amount. Or you can make THF the contingent beneficiary so that we receive the balance of your policy only if your primary beneficiary doesn’t survive you.
If you’ve designated or transfered your life insurance policy to THF, please let us know so we can thank you! Notifying us will enable us to plan for the use of your gift. Please contact our Planned Giving Director, Michael Kunkel, at Michael@tsoknyinuns.org to let us know.