Gift & Estate Planning

Life Insurance

When you specify the University of Kentucky as the owner and beneficiary of a paid up policy, the charitable deduction is for the policy’s cash surrender value or net premium paid on the policy, whichever is less. The University credits paid up policies at a value approximately equal to the cash surrender value of the policy. If the policy is not fully paid up, credit is equal to the cash surrender value and any subsequent premium payments made through the University during the pledge period. The University may elect to liquidate life insurance policies and evaluates each policy on a case by case basis.

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