White River Health System Foundation (WRHSF) may be named as a percentage or contingent beneficiary of any life insurance policy. In addition, WRHSF accepts life insurance policies for which the donor has relinquished ownership by assigning all rights, title, and interest in the policy to WRHSF. If the insurance policy is not fully paid up, the usefulness of the gift is judged on a case-by-case basis. If the policy is accepted, WRHSF may choose either to cash it in for the current surrender value or continue to pay the premium so long as WRHSF is not required to expend funds from sources other than the donor to maintain the contract. WRHSF shall have no obligation to continue premium payments on insurance policies. Paid-up life insurance policy gifts in which WRHSF is the owner and irrevocable beneficiary are acceptable. (WRHSF does not participate in charitable split dollar insurance plans).
For more information about gifts of insurance, contact Larry Sandage, Director of Institutional Advancement, at 870-262-6033 or by email at lsandage@wrmc.com.