Giving Life Insurance

Life insurance is a valuable and necessary asset for many people. Both group and individual life insurance provide for estate
liquidity (including the payment of estate taxes, if applicable), pass increased wealth to family members, and are ideal assets
with which to make a charitable gift.
Not everyone understands that life insurance owned by an insured is considered part of the insured’s estate and the proceeds are subject to estate tax at death if the total estate exceeds certain exempt amounts. For example, if you own an insurance policy on your life with a face amount of $100,000, that $100,000 amount (not the lesser cash value before death) is part of your estate and subject to estate tax, if applicable.

Mount Olivet Home - Mount Olivet Careview Home

Mount Olivet Home
Mount Olivet Careview Home

5517 Lyndale Avenue South
Minneapolis, MN 55419

612.827.5677

Mount Olivet Day Services

Mount Olivet Day Services

5601 Lyndale Avenue South
Minneapolis, MN 55419

612.861.3305