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Gifts of Life Insurance Policies

Gift of Life Insurance Diagram

How It Works

  • You can provide now for a future gift to the WVU Foundation by naming us owner and beneficiary of a new or existing life insurance policy.
  • It is our preference to receive paid-up policies or policies that will be paid up within 5 years or less to assure the best results.
  • You make annual gifts to the WVU Foundation in the amount of the premium payments.
  • If your policy has a lifetime premium arrangement, a policy exchange may be workable to switch to a 5-year payment schedule.
  • When the policy matures the proceeds are paid to the Foundation, and we apply them to the college, department, or program you have designated.


  • You can make a significant gift from income instead of capital.
  • Your gifts offsetting our premium payments are fully deductible.
  • You build WVU's future financial strength.
Terry and Dinah Hess - We thought life insurance was a good way to do more for WVU Athletics. Go Mountaineers!

Next: Tell me more...

Please contact us so that we can assist you through every step of the process.

Questions and Answers

If I can no longer make the premium payments, will the WVU Foundation keep making them to keep the policy in force?

Will the WVU Foundation accept a term policy?

Will I receive a charitable tax deduction for my contribution of a new policy?

What if I later need the policy unexpectedly?