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 the Prichard Committee, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. The Prichard Committee 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 the Prichard Committee to pay these premiums
  • You can make a substantial gift on the installment plan
  • The Prichard Committee receives a gift they can use now or hold for the future

Contact Us

Shawn J. Lyons 
Vice President and Director of Philanthropy
859-227-0987
shawn@prichardcommittee.org

The Prichard Committee for Academic Excellence
2285 Executive Drive, Suite 120 
Lexington, KY 40505
Federal Tax ID#: 61-1026214

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