Life Insurance Gift

• An income tax deduction when Childrens Hospital Los Angeles is named as the beneficiary and assigned as owner of the policy
• Increased spendable income (if you no longer pay policy premiums)
• Premium amounts claimed as an annual tax deduction (if you continue paying policy premiums)
• Reduced estate taxes (proceeds are completely removed from your taxable estate as long as you do not retain any ownership)
• The option to use your policy as a post-death replacement for the value of a gift you have been making to the hospital during your lifetime

Ways to safeguard personal financial security and remember the hospital:
If you prefer to keep your policy to preserve your future financial security or that of someone in your family, there are three ways to do so and still support Childrens Hospital Los Angeles:

1.  Name the hospital as the contingent beneficiary.
     We will receive proceeds from your policy only if your primary beneficiary predeceases you.

2.  Name the hospital as a beneficiary, but keep ownership.
     You will retain control of your policies.

3.  Create a trust to receive the policy proceeds.
     The funds can then be invested for a family member's support after your death.
     Upon the termination of that person's interest in the trust, the remainder can be disbursed
     to Childrens Hospital.

The plans above will not entitle you to an income tax deduction.  However, they will satisfy your desire to use the policies for personal and family responsibilities as long as necessary and to support the work of our hospital in the future.

NOTE:  Although the information set forth herein is believed to be accurate, you should consult your attorney or other tax advisor prior to taking any action.