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Making a planned gift is a wonderful way to show your support and appreciation for Luther Seminary and its mission, while accommodating your own personal, financial, estate planning, and philanthropic goals. With smart planning, you may actually increase the size of your estate, save on taxes, receive income for life, or enjoy other financial benefits – all the while knowing that you have made a wonderful gift to Luther Seminary.


We recommend that you familiarize yourself with various gift options by exploring How to Give and What to Give tabs or download or request for free The Guide to Estate Planning or The Guide to Gift Planning. These resources will give you a basic understanding of gift planning and allow you to compare options that are best for you. And, of course, please contact us for assistance or to discuss your personal situation and goals.

Planned Giving
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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to Luther Seminary. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Luther Seminary. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Gift of Insurance
Insurance
Luther Seminary
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Benefits of gifts of life insurance

  • Receive a charitable income tax deduction
  • If Luther Seminary retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
  • If Luther Seminary cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
  • If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work

How to make a gift of life insurance

To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include Luther Seminary as the beneficiary of your policy.

Contact us

If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.

Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.

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