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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 MKA, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. MKA 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 MKA to pay these premiums
  • You can make a substantial gift on the installment plan
  • MKA receives a gift they can use now or hold for the future

Contact Us

Chris Kenrick
Associate Director of Philanthropy
973-509-7933

Montclair Kimberley Academy
201 Valley Road
Montclair, NJ 07042

Federal Tax ID number: 23-7365263

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