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    Life Insurance – Designating a Beneficiary

    If you no longer need a life insurance policy to provide for a child’s education or to support a spouse, consider this:

    You can leave a lasting legacy by simply designating the Palo Alto Medical Foundation as a beneficiary of the proceeds. Or, you can donate the policy itself and receive an income-tax deduction this year.
    Insurance companies use a standard form to change a beneficiary or transfer ownership of a policy.

    Please contact your agent or broker to obtain the proper form.

    With a gift of life insurance you can:

    Feel free to contact us if you have a question or want more information. Thank you for being our partner in health care.

    Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.