Life Insurance Policy

How It Works

1. You assign all the rights in your insurance policy to Food Bank For NYC, designate us as irrevocable beneficiary, and then receive an income-tax deduction
2. Food Bank For NYC 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 Food Bank For NYC to pay these premiums
• You can make a substantial gift on the installment plan
• Food Bank For NYC receives a gift they can use now or hold for the future