Life Insurance
We are grateful to those who choose to work with Chabad-Lubavitch of Western North Carolina, ensuring Jewish continuity. The multiplier effect of life insurance is an outstanding strategy to help the Jewish community far beyond your personal finances.
A charitable gift of life insurance is a pioneering way to deliver a legacy gift to Chabad. There are several ways to donate life insurance.
How Life Insurance works:
- You may contribute a new or existing policy by transferring the policy to Chabad.
- You name Chabad as the owner and beneficiary of the policy.
- There are substantial benefits to both you and our center.
- The premium payments will provide you with an income tax deduction.
- The endowed gift to our center will be substantially larger than the amount used to fund the insurance policy.
- The insurance policy proceeds pass directly to Chabad outside of your estate and are not subject to probate or estate taxation.
- Gifts of life insurance are extremely affordable for younger donors, allowing them the opportunity to make sizable gifts.
- This is a wonderful opportunity for young leaders to make a defining statement about the Jewish future.
Always speak with a professional before making any decisions. For more information please contact our office.