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Gifts of Life Insurance

Make a significant gift to James Madison University even without a large estate. Here's how you can leverage your dollars for a larger gift.


How It Works

  • You transfer ownership of a paid-up life insurance policy to James Madison University.
  • JMU elects to cash in the policy now or hold it.
  • Consider naming JMU in your long-term plans. It's simple.


  • Make a gift using an asset that you and your family no longer need.
  • Receive an income tax deduction equal to the cash surrender value of the policy.
  • You may be able to use the cash value of your policy to fund a gift that delivers income, such as a deferred gift annuity.