Life Insurance Policy

How It Works

1. You assign all the rights in your insurance policy to the Cleveland Museum of Art, designate us as irrevocable beneficiary, and then receive an income-tax deduction
2. The Cleveland Museum of Art may surrender the policy for its cash value or hold it and receive the proceeds at your death

Benefits

• You receive a federal income-tax deduction
• If premiums remain to be paid, you can receive income-tax deductions for contributions to the Cleveland Museum of Art to pay these premiums
• You can make a substantial gift on the installment plan
• The Cleveland Museum of Art receives a gift they can use now or hold for the future

Next Steps

• Read a detailed description of this gift
• Contact us to learn more about this gift plan or other options