Main content

    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:

    Contact us for a life insurance brochure or to let us know that we are already one of your beneficiaries. Thank you for being our partner in healthcare.

    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.