Other Methods of Donating to Hadassah
A Gift to Hadassah Through A Life Insurance PolicyYou can name Hadassah as a beneficiary of your life insurance policy, If Hadassah is named as owner and beneficiary of a current policy, and you continue to pay the yearly premiums, you can claim income tax deductions for those premiums.
If your family does not need the proceeds of a fully paid-up insurance policy, consider choosing Hadassah as the outright beneficiary.
Federal and state income and estate taxes may reduce a significant portion, often more than a half, of the funds in your Individual Retirement Accounts (IRAs) and other retirement plans when those are left to a non-spouse. You, and your heirs, could benefit from designating Hadassah as the beneficiary of these retirement funds, or a portion thereof, while you leave other assets to your heirs.
The information, content and calculations contained herein are intended for educational purposes only and are not intended to provide legal, tax or other professional advice to be relied upon. We encourage you to consult with an attorney, tax advisor or accountant. Figures cited in examples are for hypothetical purpose only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.