Life Insurance
When the original purpose for a life insurance policy no longer applies — such as educating children now grown or providing financial security for a spouse now deceased — your policy can become a powerful and simple way to support our work of educating Lakota children and healing broken families. There are three ways to give life insurance to St. Joseph’s Indian School:
Name us a beneficiary of the policy. This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so we will receive the balance of your policy only if your primary beneficiary doesn't survive you.
Make an outright gift of an existing policy. You can name us as owner and beneficiary of an existing policy. You qualify for a federal income tax charitable deduction when you itemize on your taxes. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift when you itemize.
Make an outright gift of a new policy. You can take out a new policy and irrevocably name St. Joseph’s Indian School as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift when you itemize.
Want to learn more about this simple gift? Download your FREE guide, Life Insurance: Expand Your Charitable Reach.
View My Free BrochureSee How it Works
Delay Your Payments
If you are younger than 60 or don't need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date — such as when you reach retirement. To learn more, view and download the FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.
SJIS minimum age for a one-life CGA is 50 and 54 for a two-life CGA. Please contact our planned giving office with any questions you may have.