Leave a Legacy: Life Insurance & Investment Annuities

Donate to Barrow with a planned gift

Leave a legacy and support the life-saving work taking place at Barrow Neurological Institute. You can give a gift benefiting Barrow using your Investment Annuity or your Life Insurance Policy by designating Barrow Neurological Foundation as a beneficiary.

Gift Your Investment Annuities

Investment annuities are a popular way to save for retirement and a smart way to support Barrow Neurological Foundation. An investment annuity acts like a retirement account and does not get a step-up in basis at death, like many other types of assets. That means if you are able to leave your annuity to your heirs, they will have to pay taxes, unlike other assets that get a step-up in basis. When you take distributions from the investment annuity, or if you leave it to your heirs, the gains can be taxed as ordinary income.

Gift Your Life Insurance

There are many ways to gift life insurance including beneficiary designations, transfer of ownership, and creating a new policy.

Investment annuities are a popular way to save for retirement and a smart way to support Barrow. An investment annuity acts like a retirement account and does not get a step-up in basis at death, like many other types of assets. That means if you are able to leave your annuity to your heirs, they will have to pay taxes, unlike other assets that get a step-up in basis. When you take distributions from the investment annuity, or if you leave it to your heirs, the gains can be taxed as ordinary income.

Considerations

• It is best to speak with a financial advisor when considering gifting annuities, as annuity contracts can have unique complexities
• It is advised to obtain two professional opinions when considering life insurance gifts

Please contact us if you want to consider creating a gift with insurance.
Robyn Nebrich-Duda, Director of Planned Giving & Philanthropy
Robyn.Nebrich-Duda@DignityHealth.org | 602.406.1037