Life Insurance

McCormick Theological Seminary welcomes gifts of life insurance andencourages donors to make such gift using their own insurance agent. Using life insurance to make charitable gifts has many advantages because of the simplicity of ownership transfer for this kind of gift, the potential tax advantages, and the possibility of asset replacement in a donor's estate. The Seminary does not endorse particular insurance plans or carriers, nor does it engage in the services of any particular company or agent in the promotion of gifts of life insurance.