Life Insurance Policy

How It Works

1. You assign all the rights in your insurance policy to Maryknoll Fathers and Brothers, designate us as irrevocable beneficiary, and then receive an income-tax deduction
2. Maryknoll Fathers and Brothers 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 Maryknoll Fathers and Brothers to pay these premiums
• You can make a substantial gift on the installment plan
• Maryknoll Fathers and Brothers receives a gift they can use now or hold for the future