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Life Insurance Policy

Life Insurance Policy Diagram. Description of image is listed below.

How It Works

  1. You assign all the rights in your insurance policy to Western Illinois University, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. Western Illinois University may surrender the policy for its cash value or hold it and receive the proceeds at your death

Benefits

  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to Western Illinois University to pay these premiums
  • You can make a substantial gift on the installment plan
  • Western Illinois University receives a gift they can use now or hold for the future

 

Contact Us

Thad Dohrn
Assistant Vice President & Chief University Advancement Officer
(309) 298-1828
tw-dohrn@wiu.edu

Foundation and Development
303 Sherman Hall / 1 University Circle
Macomb, IL 61455 USA
Federal Tax ID Number: 37-0910458

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