Alumni Awards | Alumni | Worcester Academy

Explore this section

Planned Giving

Life Insurance to Replace Gift—Wealth Replacement

Life Insurance to Replace Gift Diagram. Description of image is listed below.

How It Works

  1. You make a gift to Worcester Academy
  2. You give the tax savings from the charitable deduction to your children
  3. Your children purchase an insurance policy on your life with the tax savings
  4. Your children will receive the proceeds upon your death

Benefits

  • You can make a significant gift to Worcester Academy without diminishing the amount your family will receive
  • Your tax savings finance this life insurance policy

Contact Us

Jen DiFranco
Advancement Director
508.459.6931
jennifer.difranco@worcesteracademy.org

Federal Tax ID Number: 042105855

Worcester Academy
81 Providence Street
Worcester, MA 01604

Back