Life Insurance

Many, if not most, people own some form of life insurance because of its unique ability to meet a variety of needs for financial protection. You can name Barry University as the primary beneficiary or as a successor beneficiary of a life insurance policy. When the proceeds are paid to Barry University, your estate will be allowed an estate-tax charitable deduction.

Gifts of paid-up life insurance with Barry University as owner and beneficiary can provide you with an income tax charitable deduction. There are two methods to give life insurance. You may give a paid-up policy to the university or purchase a new policy with Barry University as the beneficiary.

Often families do not need the extra assets from life insurance. This is an easy way to make a gift to Barry University, receive a tax deduction, and avoid estate taxes and probate costs.

For more information on gifts life insurance, contact Cheryl Lawko, Director of Development for Major and Planned Gifts at 305-899-3070 (toll-free: 1-800-756-6000, ext. 3070) or e-mail clawko@mail.barry.edu.