Have You Notified Your Beneficiaries of Your Gift?
Naming a loved one or favorite charity such as the University of Louisville as a beneficiary of a life insurance policy or retirement plan assets is a heartfelt way to show you care. Be sure to go one step further and notify those beneficiaries of the choices you’ve made.
Many people and charities aren’t aware that they have been named to receive a gift. Informing them helps preserve your intentions and ensures that your beneficiaries are able to follow your wishes.
Protect the people and charities you love by following these simple steps in naming your beneficiaries:
- Review your beneficiary designations periodically, as circumstances may change throughout your lifetime.
- Alert your beneficiaries that you have a life insurance policy or have named them as a beneficiary of a retirement plan.
- Share the location and details of the policy or plan with your beneficiaries.
As you update your beneficiary designations, consider making a gift of a life insurance policy or retirement plan assets to the University of Louisville so that we can continue our important work. Then, notify us of your decision so that we can carry out your wishes as intended and thank you for your gift.
We Want to Hear From You
If you have already named the University of Louisville as beneficiary of a life insurance policy or retirement plan assets, please contact the Office for Estate and Gift Planning at (502) 852-5051 or firstname.lastname@example.org today. If you are still creating your estate plan, we would be happy to answer any questions you may have about making this type of gift.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.