Maine Medical Center

Gifts of Life Insurance

Make a significant gift to Maine Medical Center even without a large estate. Here's how you can leverage your dollars for a larger gift.

Gift of Life Insurance Diagram

How It Works

  • You transfer ownership of a paid-up life insurance policy to Maine Medical Center.
  • MMC elects to cash in the policy now or hold it.

Benefits

  • Make a gift using an asset that you and your family no longer need.
  • Receive an income tax deduction equal to the cash surrender value of the policy.
  • You may be able to use the cash value of your policy to fund a gift that delivers income, such as a deferred gift annuity.