Most people own some form of life insurance because of its unique ability to meet a variety of financial protection needs. But life insurance can also play an important role in charitable giving.

Life insurance policies can be the direct funding medium of a gift, permitting you to make a substantial gift for a relatively modest annual outlay. By naming Carleton the beneficiary of your life insurance policy, you allow the proceeds to pass to the College without going through your probate estate.

You can donate an insurance policy that you have purchased for some other purpose (for example, to protect a mortgage or fund a college education) but you no longer need. Or you can purchase a new policy and name the College as both the owner and beneficiary. You can also include Carleton as a beneficiary on a group life insurance term policy paid for by your employer.

For more information

To learn more about making a gift of life insurance, please contact our Office of Major and Planned Giving.