Gifts of Life Insurance - Paid-Up Policy

Lifetime Insurance Diagram

How It Works

  • You transfer ownership of a paid-up life insurance policy to Pomona College .
  • Pomona College cashes in the policy now or maintains it and receives the death benefit later.


  • You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy.
  • In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
  • You gain the satisfaction of making a significant gift to Pomona College without adversely affecting your cash flow.


  • More detail on gifts of life insurance - paid-up policy.
  • Contact us so we can assist you through every step.