Life Insurance Policies
The options for life insurance gifts to the SPCA of Connecticut are varied. Your existing policy, paid-up policy or new policy all can be used to make a gift of life insurance to support the SPCA's mission.
The benefit of designating an existing policy is an immediate income tax deduction, while a new policy offers deductions for continuing annual premiums.
Designating the SPCA as beneficiary or successor beneficiary of a single, term, or group life insurance policy is also an option, although it offers less significant tax benefits. Retirement Funds: You can name the SPCA of Connecticut as the beneficiary of your IRA, 401K, 403B, pension, or other retirement funds. Many plans simply require filling out a simple form for naming or changing the name of a beneficiary.