You can donate your existing policy by making Josh McDowell Ministry the owner, and receive an income tax deduction. And you can receive an income tax deduction equal to the cash surrender value of the policy. You also may be able to use the cash value of your policy to fund a gift that delivers income, such as a deferred gift annuity.

There are two ways to give: 

1. Josh McDowell Ministry as beneficiary: You can maintain ownership of your policy and name the Ministry as a beneficiary. This way you maintain the flexibility to change beneficiaries if your situation changes. 
2. Josh McDowell Ministry as owner/beneficiary: You can donate your fully paid up policy to the Ministry. Gifts of policies that are not fully paid up will normally be cashed out by the Ministry, unless you’re willing to make future premium payments, which are tax deductible.

Please contact your life insurance administrator to complete an updated designation of beneficiary form. If you choose to name Josh McDowell Ministry as beneficiary of your life insurance policy, please share your plans with us. Your plans will remain confidential, and we will be able to ensure that when the time comes we understand and can abide by your intentions. Contact us so we can assist you through every step.