Name The Ark a Beneficiary of Your Policy
This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate The Ark as the primary beneficiary for a percentage or specific amount. You can also make The Ark the contingent beneficiary so that The Ark will receive the balance of your policy only if your primary beneficiary doesn’t survive you.
If you have a life insurance policy which has accumulated cash value, you may also consider donating it to The Ark. Your insurer can help you transfer the ownership of the policy to The Ark. Then, The Ark could then surrender the policy for the current cash value. Your gift would have an immediate impact, you could stop making premium payments, and you avoid any tax liability on the appreciation in the policy.