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Life Insurance Policy

Life Insurance Policy Diagram. Description of image is listed below.

How It Works

  1. You assign all the rights in your insurance policy to NYU, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. NYU may surrender the policy for its cash value or hold it and receive the proceeds at your death

Benefits

  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to NYU to pay these premiums
  • You can make a substantial gift on the installment plan
  • NYU receives a gift they can use now or hold for the future

 

Contact Us

Meryl R. Cosentino
Assistant Vice President
Gift Planning, Trusts & Estates
Phone: 212-998-6960
Email: meryl.cosentino@nyu.edu

New York University
70 Washington Square South
New York, NY, 10012
Federal Tax ID#13-5562308

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