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Life Insurance Policy

Life Insurance Policy Diagram

How It Works

  1. You assign all the rights in your insurance policy to CBMM, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. CBMM may surrender the policy for its cash value or hold it and receive the proceeds at your death

Benefits

  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to CBMM to pay these premiums
  • You can make a substantial gift on the installment plan
  • CBMM receives a gift they can use now or hold for the future

More Information

Contact Us

Liz LaCorte
Director of Development
410-745-4956
llacorte@cbmm.org

 

Chesapeake Bay Maritime Museum
213 North Talbot Street
St. Michaels, Maryland 21663

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