Community Action Works
Community Action Works

Life Insurance

Sometimes circumstances change and life insurance is no longer a critical part of an estate plan. If you wish to redirect life insurance, it’s simple to do so. You can designate a charity as the beneficiary of your life insurance policy, which you will continue to own during your lifetime. This may provide your estate with valuable tax savings.

Alternatively, you can assign ownership of the policy to the charity. In this case, although you will give up control over the policy, you may receive a current income tax charitable deduction.

After consulting with your advisors about what is best for you, ask your insurance agent how to make these types of simple changes to your policy.

To find out more, including our tax identification number, please email our Planned Giving Coordinator at, or call 1-800-841-7299. Donations to Community Action Works are tax-deductible in many circumstances. Please seek the guidance of your attorney or financial advisor when making changes to your estate plan.

Click here for other ways to give.