Article

Life Insurance for Dartmouth

March 1957
Article
Life Insurance for Dartmouth
March 1957

Many alumni and friends are discovering that one of the most convenient methods of making a major gift to Dartmouth is by transferring ownership of an existing life insurance policy or policies directly to the College.

As the years go by, mortgages on the home are paid up, children have graduated from college, older relatives have passed away, and there is often a marked decrease in the needs which your life insurance policies were designed to protect.

In such cases it is often possible to designate Dartmouth as the beneficiary of a portion of your life insurance holdings without interfering with your personal obligations and requirements.

Through outright assignment of such a policy or policies to Dartmouth, the value of insurance so assigned as well as any premiums paid thereafter are deductible for Federal income tax purposes up to 30% of adjusted gross income of the insured. Furthermore, the value of the insurance so assigned is not subject to gift tax.

Your gift will also provide precisely the type of "life insurance" so important to the continuation of Dartmouth's purpose and program. For complete details on all types of life insurance gifts, we suggest you write for the booklet Your Life Insurance andDartmouth, to Office of Development, 204 Crosby Hall, Hanover, N. H.