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Gifts of Life Insurance
(Important reminders)

DO:
It is important that you name PENN Medicine as the irrevocable owner of the policy and not just its beneficiary to obtain maximum tax benefits from your gift.

WATCH OUT:
If you have borrowed against a life insurance policy, a gift of the policy with the loan still outstanding will create taxable income for you in the amount of the loan balance.

For more information

Email us, complete the personal illustration form, or call us at so that we can assist you through every step of the process.