| Â Â Â Â Â One of the easiest and most effective ways of contributing to Catholic Charities programs is via a new or existing life insurance policy. When you designate Catholic Charities the irrevocable beneficiary, the proceeds of your policy will fund direct services to those in need. | | When life insurance policies are no longer needed they can be put to good, charitable use. By naming Catholic Charities the new owner and beneficiary, you can deduct either the cost basis of the policy or an amount close to the policy's cash surrender value. This gift can reduce the size of your estate and is made without disturbing your current income. Speak with your life insurance agent for details. | | |
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