Bequest of Insurance

• Marla: "We've always admired UVU's commitment to student success. As volunteers and supporters, we saw how scholarships could open doors for students - especially those who are the first in their families to attend college. We wondered if our life insurance policy could help support that mission."
• Wayne: "I wasn't quite ready to give up the policy. I wanted to keep it available in case our family ever needed extra support. But we both hoped there was a way to make a meaningful commitment to UVU now, while still preserving flexibility."

After speaking with UVU's gift planning team, Marla and Wayne learned they could make a bequest of their life insurance policy simply by naming Utah Valley University as the beneficiary. This allowed them to commit to supporting UVU's future without giving up control of the policy during their lifetime.

• Marla: "It was the perfect solution. We could continue to hold the policy, but also know that one day it would help students achieve their dreams."
• Wayne: "And the potential estate tax benefits were a bonus. It helps preserve other assets for our family while still making a lasting impact."

Their future gift will establish a scholarship fund at UVU, helping students access education, pursue meaningful careers, and build better lives for themselves and their families. Through their thoughtful planning, Marla and Wayne are creating a legacy that will empower generations of Wolverines.

What is a charitable bequest?

A bequest is a gift you can make to support Utah Valley University's mission in your will, living trust or with a codicil.

Is a bequest of a life insurance policy right for you?

Creating a bequest of life insurance is an easy gift to establish. You can easily leave a life insurance policy to a nonprofit if the policy is no longer needed for its intended purposes by completing a beneficiary designation form. If you have questions about bequests of life insurance policies, please contact us. We would be happy to answer any questions that you have.

Please note: The information above is representative of a typical donor and may or may not be an actual donor to our organization. Since your benefits may be different, you may want to create a printable illustration of your income and tax benefits with our calculators.