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You can name Friends of Loudoun County Animal Services as a primary life insurance beneficiary or as a contingent beneficiary should your other beneficiaries not survive you. After your lifetime, the benefits from your policy pass to FLCAS, free of federal estate tax. To make this gift, simply contact your insurance carrier and request a beneficiary form.

 

Here are some benefits to you:

  • Simple to give: Involves little effort or paperwork

  • Financial advantage: Continued ownership of your policy

  • Flexibility: You can change your mind and your beneficiaries at any time

  • Future tax savings: Removes the asset from your potential gross taxable estate

  • Legacy of kindness: Your gift will help Best Friends continue its lifesaving work

Example: Years ago, Michelle bought a life insurance policy to protect her family. Her family no longer needed this protection, so she decided to name FLCAS as the life insurance beneficiary. After Michelle's lifetime, the policy will benefit homeless pets through FLCAS' work.

Another option is to donate your paid-up life insurance policy to Friends of Loudoun County Animal Services. If the policy has a cash value, FLCAS would have the option of either holding the policy until the maturity date or surrendering the policy to receive the policy's current cash value.

 

Here are some benefits to you:

  • Income tax savings: You're entitled to a current income tax deduction

  • Future tax savings: Removes the asset from your potential gross taxable estate

  • Legacy of kindness: Your gift will help FLCAS continue its lifesaving work

Example: Michael bought a life insurance policy years ago that he now wants to donate to FLCAS. Since he gave the policy to us, Michael can claim an income tax charitable deduction. The total amount of the policy is removed from his estate, and FLCAS will use the gift to help homeless pets in Loudoun County.