If
you have individual life insurance policies that
are no longer needed to protect family members or a business, you
can transfer them to Dartmouth, with the College named as the owner
and beneficiary. You can claim an income tax deduction for the lesser
of either the policy's replacement value (approximately the cash
surrender value) or your cost basis (total premiums paid less total
dividends received). Alternately, if you would prefer to maintain
ownership of your policy, you can simply name Dartmouth as a partial
or full death beneficiary.
Additionally, if you have
a group life insurance policy (such as those provided through your
employer), you may make Dartmouth a total or partial beneficiary.
Usually, this is a simple matter of requesting a form from your
human resources department and indicating a percentage to be distributed
to Dartmouth at your passing.
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